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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

'Risk of debt peril' when rates rise

A "relatively benign" rise in interest rates still has the potential to double the number of households facing debt problems, a think tank has said.

IMF forecasts lower US growth

The IMF is lowering its forecast for US economic growth to a "disappointing" 1.7%, the second downgrade this year.

Bank and business at odds over rates

Bank of England minutes show officials are still wary over raising interest rates while the Institute of Directors believes the Bank is being too cautious.

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

UK Non-Financial Business Economy, 2012 Regional Results (Annual Business Survey)

Estimates of the size and growth of the UK Non-Financial Business Economy, based on the local activity of businesses as measured by the Annual Business Survey (ABS), are presented in this release. It is the key resource for understanding the detailed structure, conduct and performance of businesses across the UK at a regional level.

National Accounts changes: impact on expenditure and income components of GDP

A news release highlighting the effects of upcoming Blue Book changes on the expenditure and income components of GDP

Public Sector Finances, June 2014

The PSF Statistical Bulletin, is published jointly by ONS and HM Treasury on a monthly basis, and provides the latest available measures for key public sector financial statistics such as Public Sector Current Budget (PSCB), Net Borrowing (PSNB), Net Debt (PSND) and PSND as a percentage of GDP. These key indicators are provided on two bases. One set includes the temporary effects of financial interventions made in response to the financial crisis that began in 2007, such as the establishment of public ownership/control of several major banking groups. An alternative set of indicators, the so-called ‘ex-measures’, excludes the temporary effects of financial interventions.

Healthy Life Expectancy at birth for Upper Tier Local Authorities: England, 2010-12

Healthy Life Expectancy (HLE) for males and females at birth for England, Regions and Unitary Authorities, 2010-12