March footfall higher

Footfall Monitor, March 2014: BRC

  • Footfall in March was 1.8% higher than a year ago, significantly up on the 2.9% fall in February and above the three-month average of 0.4%.
  • Footfall on the high street was 2.6% higher than the previous year for March, the largest rise in eleven months
  • Out-of-Town reported the greatest rise, 3.0% higher than a year ago, while footfall in shopping centers was down 0.5% on the previous year.

(Unfortunately, it looks like Easter was quieter than we all hoped)

UK retail sales down

UK retail sales, March 2014: BRC

  • UK retail sales were down 1.7% on a like-for-like basis from March 2013, when they had increased 1.9% on the preceding year.
  • On a total basis, sales were down 0.3%, against a 3.7% increase in March 2013.
  • The 3-month average total growth was 2.1%, just below the 12-month trend of 2.4%.
  • Online sales of non-food products in the UK grew 12.8% in March versus a year earlier.
    • The online penetration rate achieved 17.3% in March.
    • Excluding online sales, total Non-food sales would have shown a decline in March.

European inflation down

European annual inflation, March 2014: Eurostat

  • Euro area annual inflation was 0.5% in March 2014, down from 0.7% in February.
    • A year earlier the rate was 1.7%.
    • Monthly inflation was 0.9% in March 2014.
  • European Union annual inflation was 0.6% in March 2014, down from 0.8% in February.
    • A year earlier the rate was 1.9%.
    • Monthly inflation was 0.7% in March 2014.

UK unemployment down

Labour Market Statistics, April 2014: ONS

  • At 2.24 million for December 2013 to February 2014, unemployment was 77,000 lower than for September to November 2013 and 320,000 lower than a year earlier.
  • The unemployment rate was 6.9% of the labour force (those unemployed plus those employed) for December 2013 to February 2014, down from 7.1% for September to November 2013 and from 7.9% for a year earlier.
  • At 30.39 million for December 2013 to February 2014, employment was 239,000 higher than for September to November 2013 and 691,000 higher than a year earlier.
  • 72.6% of people aged 16 to 64 were in work for December 2013 to February 2014, up from 72.1% for September to November 2013 and from 71.4% for a year earlier.
  • 8.85 million people aged 16 to 64 were economically inactive (those out of work but not seeking or available to work) for December 2013 to February 2014. This was 86,000 lower than for September to November 2013 and 104,000 lower than a year earlier.
  • 21.9% of people aged 16 to 64 were economically inactive for December 2013 to February 2014, down from 22.2% from both September to November 2013 and from a year earlier. The rate has not been lower since October to December 1990.

Geography of youth unemployment

The geography of youth unemployment: a route map for change – Work Foundation

  • provides an overview of the geography of youth unemployment in Britain’s major towns and cities
  • sets out some of the reasons why there are significant geographic disparities between places in the level of youth unemployment
  • provides an overview of the current youth policy context and some of the challenges it presents

Labour force stats – Europe

Labour Force Survey 2013: Eurostat

In 2013 in the EU28 these were:

  • 216.4 million persons in employment
  • 26.2 million unemployed
  • 137.2 million economically inactive
  • 43.7 million of those in employment were part-time workers, of which 9.9 million (23% of part-time workers) are underemployed, meaning they wished to work more hours and were available to do so