FACTS NO SPIN Bristol Economic Briefing September 2013 Summary (prepared for Bristol City Council leaders) UK GDP grew by 1% in the first half of 2013, the highest first half growth since 2010, but it remains 2.4 percentage points below the pre-rcession maximum. Long term 1, very long term 2 and extremely long term 3 unemployment in Bristol remains at nearly 4, 6 and 16 times pre-recession levels, respectively . Employment in Bristol remains unchanged and the employment rate is still higher than the other English Core Cities and the UK. The total number of JSA claimants in Bristol has fallen for five months running, but remains at over 10,000, nearly twice that of, prerecession, July 2008 . Bristol’s labour market continues to show severe weakness in lower skilled occupations, with over 40% of JSA claimants looking for work in the retail sector. New Business starts in Bristol still look healthy overall but construction and real estate continue to show weakness. Bristol continues to attract investment with a variety of businesses from the professional and business services sector opening new offices in the city. bristol.gov.uk/.../Bristol%20Economic... bristol.gov.uk/sites/default/files/documents/business_in_bristol/business_support_and_adv bristol.gov.uk
Posted on: Tue, 03 Dec 2013 22:08:06 +0000
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