West Midlands’ economic inactivity rate was at a record low in Q4 2012 but the region had not yet recovered from the decline in employment during 2008 and 2009.
The economic inactivity rate in the West Midlands was at a record low of 22.3% in Q4 2012, the same rate as the UK. The decline in the inactivity rate between Q4 2007 and Q4 2012 was one of the largest of the English regions, with the decrease of 1.8 percentage points taking place entirely since 2011.
Following a fall in the employment rate that took place in 2008 and 2009, the region’s employment rate increased between Q4 2010 and Q4 2012 by 2.8 percentage points. The employment rate stood at 70.8% in Q4 2012. Employment rates within the region for the year ending December 2012 ranged from 57.0% in Birmingham (one of the lowest in England) to 82.2% in both Rugby in Warwickshire and Redditch in Worcestershire.
The unemployment rate increased between Q4 2007 and Q4 2012, from 5.8% to 8.6%. Within the region, the rate ranged from 14.3% in Birmingham to 3.8% in Stratford-on-Avon for the year ending December 2012.
Gross disposable household income (GDHI) of West Midlands’ residents was one of the lowest among the English regions, at £14,400 per head in 2011. It ranged from £12,470 per head in Stoke-on-Trent to £17,360 per head in Solihull.
The West Midlands has seen its share of total UK gross value added (GVA) decline from 8.0% in 2001 to 7.3% in 2011. The region’s GVA was £95.3 billion in 2011, of which half was generated in the West Midlands metropolitan area (£48.7 billion). The conurbation’s share of the region’s GVA has declined since 2001 compared with the region’s other counties and unitary authorities of Herefordshire, Worcestershire, Warwickshire, Shropshire and Staffordshire.
Source: Office for National Statistics
Notes and sources:
The data section of this release (939 Kb Excel sheet) provides more Economy data. All data are published by ONS.
Gross disposable household income (GDHI) covers the income received by households and non profit-making institutions serving households and is net of tax payments. The data are unsmoothed.
Use the GDHI per head interactive map to see how it has changed over time at regional level.
Gross value added (GVA) is a key measure of economic performance. The data used here are consistent with the workplace based series, which allocates the incomes of individuals to their place of work, but are unsmoothed data for individual years.
GVA interactive charts and maps allow users to select different regions and industries and see their relative significance over the period from 1997 to the latest available year.
Employment, unemployment and economic inactivity rates are seasonally adjusted Labour Force Survey (LFS) headline indicators.
Regional employment and economic inactivity rates are data for all people aged 16 to 64.
Regional unemployment rates are data for all people aged 16 and over.
Subregional employment data are from the Annual Population Survey (APS).
Subregional unemployment data are from the Model-Based Estimates of ILO Unemployment for LAD/UAs, which uses APS and other data sources to calculate annual data every quarter.
Regional labour market statistics provides access to the latest key labour market figures.
Nomis provides access to the most detailed and up-to-date UK labour market statistics from official sources.
Labour market indicators are defined in the Glossary.
Interpreting labour market statistics.
Investigate how unemployment rates have changed over time at regional level.
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