Don't forget about unemployment

With much of yesterday's focus remaining on MP's expenses, it was easy to forget the latest unemployment figures which showed that 224,000 extra people were out of work in the UK during the period January-March 2009.

The current number now out of work in the UK stands at 2.22 million and it is widely expected to reach 3 million by the end of the year.

In Wales, 111,000 people (or 7.7 per cent of all working age adults) are out of work, and represents a rise of 44 per cent as compared to a year ago.

With small firms are still finding it difficult to keep workers on and even our most successful large businesses are still talking about job cuts, the question is how much more unemployment will rise during the next few months?

Are we potentially talking about 150,000 out of work in Wales by the end of the year?

I hope not but the statistics from yesterday could be an indication that things are going to get worse before they get better.

Comments

Anonymous said…

I think WAG would like nothing better than to forget about the appalling jobless figures for Wales.

After all they have no idea how to create jobs apart from public sector ones of course.

May 13, 2009 3:15 pm

THE IMPORTANCE OF FRANCHISING

When we talk about start-ups and entrepreneurship, rarely do we discuss the potential of franchising not only as a way of establishing new ventures in the economy but also as a method of growing existing businesses. According to the British Franchising Association, franchising is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to own and operate their own business under the brand, systems and proven business model of the franchisor. The franchisee also receives initial training and ongoing support, comprising all the elements necessary to establish a previously untrained person in the business. This enables individuals to start their own businesses without having to develop their own ideas and utilising an existing brand and established market. Of course, whilst each franchise business is owned and operated by the franchisee, the franchisor controls the quality and standards of the way in which the business is

THE MANUFACTURING STRATEGY FOR WALES

Last night, I received the following comment on the previous post relating to a piece I had written back in early 2007 about the state of the manufacturing sector in Wales. "Dylan, you seem to be ignoring the fact that manufacturers in Wales have written the manufacturing strategy. Small and large manufacturers, all represented at the Manufacturing forum, have co-written this strategy. WAG has recently supported this strategy and have funded a co-ordinator with resources. Manufactures are happy with this progress as they are following the strategy they wanted. I know that the Conservatives have attacked the strategy as they seem to think that WAG wrote the strategy. They couldn't be more wrong. The Manufacturing Strategy was written by manufacturers, for manufacturers and is supported by WAG. If you don't agree with this, then I can invite you to the next Manufacturing Forum and you can explain to the manufacturers how their strategy is wrong....I appreciate that there is

INTRAPRENEURSHIP

Whilst we often consider entrepreneurship to be associated predominantly with new start-ups, larger firms - in order to compete effectively in fast-changing global markets - are adopting more innovative and enterprising approaches to management within their organisations. One of these approaches is the development of entrepreneurship within a corporate environment (or intrapreneurship). Research has shown that intrapreneurship is not easy, and there are considerable differences between an intrapreneurial and a traditional corporate culture, with the latter having an emphasis on a culture and reward system that tends to favour caution in decision-making. For example, large businesses rarely operate on a "gut-feeling" for the market-place, as many entrepreneurs do. Instead, large amounts of data are gathered before any major business decision is made, not only for use in rational business decisions, but also for use as justification if the decision does not produce optimu

PROFESSOR DYLAN JONES-EVANS

Search This Blog