But underemployment is masking the real problem
The Party of Wales Shadow Economy Minister Alun Ffred Jones has welcomed figures which show a drop in unemployment, but warned that the figures mark the huge problem of underemployment for Wales.
Figures show that unemployment has fallen by 7,000 over the last quarter to 112,000, a drop of 0.5%. However, more than 10% of those in work are classed as underemployed.
The Party of Wales Economy spokesperson Alun Ffred Jones said:
“Any rise in unemployment is to be welcomed. However, the figures show that the government has a long way to go if we want Wales to reach its economic potential.
“More than 10% of those in work are either working fewer hours than they would like to, or are working below their qualification level. This means that a tenth of our workforce are not making the economic contribution that they want to make or are able to make.
“This is a real problem, and is indicative of a real lack of well-paid, quality work, and it is something that the Welsh Government should be working much harder to address.
“The Party of Wales has consistently called on the Welsh Government to bring forward new capital investment projects to boost the economy. We have put forward proposals to support businesses and help them to grow and create jobs, and we have consistently opposed austerity which stifles growth.”