Private Sector Employment Indicator

Private Sector Employment Indicator Q1 (FEB- APR) 2012

  • In Quarter 1 2012, the private sector employment indicator in London, South East and East stood at 60.1 per cent, remaining broadly unchanged compared with the same quarter a year ago.
  • In the same quarter, the indicator for the rest of England saw a statistically significant increase of 1.1 ppts to 55.1 per cent compared with the same quarter a year ago. This increase was driven by a rise in private sector employment and falls in inactivity and public sector employment.
  • England as whole registered a statistically significant rise (0.8ppt) in the indicator on the same quarter a year ago, mainly as a result of rising private sector employment and declining inactivity. All English regions experienced a rise in the indicator with the North East recording the largest increase
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GDP, Q4

Gross Domestic Product Q4 2012: ONS

  • GDP was estimated to have decreased by 0.3% in Q4 2012 compared with Q3 2012.
  • GDP was estimated to have been flat in Q4 2012, when compared with Q4 2011.
  • GDP is estimated to have been flat between 2011 and 2012.

Unemployment

Labour Market Statistics, January 2013: ONS

  • The unemployment rate for September to November 2012 was 7.7% of the economically active population, down 0.1 from June to August 2012.
  • There were 2.49 million unemployed people, down 37,000 from June to August 2012.
  • The employment rate for those aged from 16 to 64 for September to November 2012 was 71.4%, up 0.1 from June to August 2012.
  • There were 29.68 million people in employment aged 16 and over, up 90,000 from June to August 2012.
  • The inactivity rate for those aged from 16 to 64 for September to November 2012 was 22.5%, unchanged from June to August 2012.
  • There were 9.03 million economically inactive people aged from 16 to 64, down 13,000 from June to August 2012.

Retail Crime Survey

Retail Crime Survey: BRC

  • The cost of crime has risen significantly again this year, rising by 15.6 per cent, to an overall cost of £1.6 billion
  • The number of incidents has also risen in the majority of offences, with the exception of robbery, which has remained stable and violence against staff, which has reduced by 55 per cent when compared to the previous year
  • Customer theft continues to be the most prevalent when looking at the number of incidents, however, e-crime now equates to the most costly type of crime affecting the sector
  • Expenditure on crime and loss prevention had risen by 7.1 per cent when compared with the previous year
  • Despite the increase in the number of incidents and overall cost of crime, there has been a significant reduction in the number of offences being reported to the police
  • Systematic targeting of higher value goods by organised criminals is pushing up the cost of retail crime but the proportion of shoplifting incidents reported to police has plummeted to just one in eight – highlighting just how much there is to do to build retailers’ confidence in the way police forces respond
  • Retail crime doesn’t only impact on its direct victims but on wider communities. It damages the reputation of local areas and those who steal from shops commit other sorts of crime

Global Employment Trends

Global Employment Trends, 2013: ILO

  • Global labour markets are worsening again
  • New recession conditions in Europe have been spilling over globally
  • Policy incoherence has led to heightened uncertainty, preventing stronger investment and faster job creation
  • The continuing nature of the crisis has worsened labour market mismatches, intensifying downside labour market risks
  • Job creation rates are particularly low, as typically happens after a financial crisis
  • The jobs crisis pushes more and more women and men out of the labour market
  • Youth remain particularly affected by the crisis
  • Weak labour markets holding back private consumption and economic growth
  • Despite a recovery over the medium run, unemployment remains elevated
  • Labour productivity growth has slowed sharply, preventing further gains in living standards
  • Structural change has slowed down in emerging and developing economies, damaging engines of growth
  • Further progress in reducing working poverty and vulnerable employment requires higher productivity growth and faster structural change
  • A new consumer class is emerging, but is not yet large enough to constitute an independent engine of growth

 

 

 

Shopper numbers

Footfall Monitor, December 2012: BRC

  • Footfall in December was 1.2% lower than a year ago, a poorer performance than the 0.4% rise the previous month, with the hardest-hit parts of the UK being Wales (-11.5%), the East of England (-7.1%) and the North & Yorkshire (-4.8%).
  • But there was considerable variation across nations/regions, with increases reported in the West Midlands (10.0%), Scotland (6.2%) and Greater London (3.1%).
  • Although shoppers are making fewer trips they are spending more per visit