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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

UK housing market 'shows resilience'

The "resilient" UK housing market recorded another increase in mortgage lending in March, according to a lenders' group.

China's 7.4% growth beats forecast

China's economy expanded by 7.4% in the first quarter of the year, better than expected but down from 7.7% at the end of 2013.

Wage rises catch up with inflation

After nearly six years of falling real wages, rises in weekly earnings have finally caught up with inflation, according to the Office for National Statistics.

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

Regional Labour Market Statistics, April 2014

Employment, unemployment, inactivity, jobs and the Claimant Count for regions, local authorities and parliamentary constituencies.

Life Expectancy at Birth and at Age 65 by Local Areas in the United Kingdom, 2006-08 to 2010-12

2010-12 male and female period life expectancy at birth and at age 65 for the UK and local areas within the four constituent countries.

Labour Market Statistics, April 2014

Labour market statistics (including employment, unemployment and economic inactivity) for the United Kingdom.

House Price Index, February 2014

A monthly release that publishes figures for mix-adjusted average house prices and house price indices for the UK and its component countries and regions.