Latest updates and stories from Bedfordshire Chamber of Commerce and its Members

Strong job figures point to economic growth

  • In the three months to September 2013, the unemployment rate was 7.6%
  • In the three months to September 2013, unemployment fell by 48,000 and employment increased by 177,000
  • Youth unemployment (16-24) fell 9,000 in the three months to September, but was still high at 965,000, and the jobless rate was 21%
  • The claimant count fell 41,700 between September and October 2013
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Job Figures

  • In the three months to July 2013, unemployment fell 24,000, and employment rose 80,000, compared with the previous quarter
  • In the three months to July 2013, the unemployment rate was 7.7%, down slightly from 7.8%
  • Youth unemployment (16-24 year olds) rose 9,000 to 960,000, and the unemployment rate in this age group was 21%
  • Between March and June 2013, public sector employment fell 34,000, and private sector employment rose 114,000

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Manufacturing figures

  • Manufacturing output in April 2013: -0.2% on the month, -0.5% year on year
  • Total industrial production in April 2013: +0.1% on the month, -0.6% year on year
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Bold policies needed for growth

Commenting on the labour market statistics, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:

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GDP figures could harm business confidence, says BCC

  • GDP in Q4 2012: -0.3% on the quarter; flat on the year
  • Manufacturing output: -1.5% on the quarter; -2% on the year
  • Services output: flat on the quarter; +1.4% on the year

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