Unemployment in Wales is down. It is now 121,000. Down by 14,000 from the same time last year. But with an unemployment rate of 8.2% it is still higher than the UK average of 7.8%.
A figure that the Welsh TUC were quick to latch on to. Their economic policy officer Alex Bevan said “Unemployment amongst women in Wales has also risen by 1.5% since this time last year, adding yet more evidence to the case that austerity guarantees deepening inequality.”
That old Jonah, Sir Mervyn King the governor of the Bank of England was quick to put a damper on things. He reckons the UK economy is at risk of a triple-dip recession. And just to make sure that Cameron and Clegg have sleepless nights, he says the UK economy is going to have persistently low growth. And this low level will bump along the bottom until the next election.