Economic interest
April 12th, 2008
posted by Cptn
The South West TUC got in touch with news of the economic round-up prepared by Nigel Jump, economist at the Regional Development Agency.
Here’s what they say: “In the three months November 2007-January 2008, the employment and unemployment rates for the South West were 79.5% and 3.6% respectively; still the ‘best’ around and still not showing any significant shift in the recent flat trend.
“The Royal Bank of Scotland says South West activity growth weakened further in February but manufacturing remains robust, with orders still buoyant. Services are falling.
“Nigel Costly of the South West TUC, said: ‘It looks like being a services-led slowdown – historically, quite rare. For now, though, employment growth is still higher than in most other regions.’
“The new Bank of England regional agents’ report talks of slowing consumption and investment, especially services related, but still vibrant manufacturing. The real economy has not buckled under the financial services gloom.”
Random Posts:
If you liked this story, you could buy us a coffeeEntry Filed under: Society
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
Trackback this post | Subscribe to the comments via RSS Feed