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Economy Dashboard: February 2012 Data

February 2012 claimant rates by ward more >>

Map showing claimants

 Claimant ratesHighest Ward rate in district% change in unemployment since February 2011
 February 11February 12WardRateWardChange
England and Wales3.7%4.1%    
East Midlands3.5%4.0%    
Lincolnshire3.4%3.8%    
 
Boston3.8%4.2%Fenside8.2%Pilgrim1.2%
East Lindsey3.9%4.3%Scarbrough11.3%Trinity2.7%
Lincoln4.9%5.5%Abbey9.1%Abbey1.6%
North Kesteven2.1%2.4%Sleaford Westholme6.1%Sleaford Westholme2.0%
South Holland3.2%3.4%Spalding St Paul's5.6%Sutton Bridge0.9%
South Kesteven2.6%2.9%Earlesfield7.4%Morkery1.8%
West Lindsey3.4%4.1%Gainsborough SW12.7%Gainsborough SW2.0%
indicators

Unemployment rate more >>

Chart showing unemployment.

Number of jobseeker claimants per vacancy more >>

Chart showing number of jobseeker claimants to job vacancies

Vacancies notified to JobCentre Plus (rate per 100 persons aged 16+) more >>

Chart showing vacancies notified to JobCentre Plus (rate per 100 persons aged 16+)

Average house prices (£ thousands)

Chart showing average house prices

Repossession claims per 1,000 population

Chart showing repossessions

Local headlines

During February 2012, the number of people unemployed and claiming benefits in Lincolnshire increased by 358 people (2%) on the previous month. In total, 16,390 people in Lincolnshire were claiming unemployment benefit during January (11% more than at the same time last year). Lincolnshire’s overall unemployment rate has increased 0.1% to 3.8%, but remains below regional and national rates of 4.0% and 4.1% respectively, both of which also increased by 0.1%.

Job announcements this month include:

  • Work has started on a new Lincoln hotel which will create 50 jobs
  • A fast food outlet and a new pub are being built in Gainsborough, creating 115 jobs between them
  • A Lincolnshire-based charity that provides further education for learning disabled students has announced it will cut up to 350 jobs
  • 40 jobs were lost from a Skegness based company when it ceased trading at the beginning of the month
  • A new bar in Lincoln will create up to 12 jobs

From BBC News

Companies face 'bloodbath' in Russia

The chief executive of Renault Nissan says manufacturers in Russia are facing a "bloodbath" because of the plunge in the value of the rouble.

China revises up 2013 economy size

China revises up the size of its economy in 2013 by 3.4%, which works out to about the size of Malaysia's economic output.

Power firms to get £1bn to stay open

Power generation firms are to receive close to £1bn to ensure their plants stay open and prevent the lights going out in the coming years.

Useful links

Lincolnshire Economic and Business Briefing

This briefing provides an up to date national, regional and local overview of how businesses are faring.

Lincolnshire – A Local Economic Assessment 2011

Part of the Drivers for Change series. The economic assessment for Lincolnshire aims to provide a clear understanding of the county’s economy – including the current position and how it may change in the future.

Key national indicators

Quarterly change in Gross Domestic Product more >>

Chart showing change in gross domestic product

Quarterly change in services output more >>

Chart showing change in services output

Monthly change in manufacturing output more >>

Chart showing change in manufacturing output

Monthly average exchange rate (£) more >>

Chart showing exchange rate of pound agains dollar and euro

Office for National Statistics

Public Sector Finances, November 2014

Indicators of UK government fiscal performance: Public Sector Current Budget Deficit (PSCB), Net Borrowing (PSNB), Net Debt (PSND) and PSND as a percentage of GDP.

MQ5: Investment by Insurance Companies, Pension Funds and Trusts, Q3 2014

Investment choices, income and expenditure of insurance companies, self-administered pension funds, investment trusts, unit trusts and property unit trusts.

UK Manufacturers' Sales by Product (PRODCOM), 2013 Intermediate Results

The sales by UK based manufacturers of the individual products covered by the PRODCOM inquiry, together with exports and imports data. It provides intermediate estimates of manufacturers’ sales by product, from businesses based in the UK in 2013, and final estimates for 2012.

Retail Sales, November 2014

A first estimate of retail sales in value and volume terms, seasonally and non-seasonally adjusted.