A bit of good news as unemployment in Yardley declined by 131 month on month. Youth unemployment dropped by 73, but remains at over 1000 and the number of long term unemployed remained essentially static, increasing by one to 1464.
Acocks Green is behind the Birmingham unemployment claimant rate (11.7%) with a claimant rate of 10.2%, the second lowest in the ward. Sheldon has a claimant rate of just 7.4%, but Stechford is slightly higher than us on 10.6% and South Yardley is up on 11.9%, which translates to 1405 claimants in total.
The map's darker areas show the patches of unemployment by severity. Aston, for example, has an unemployment rate over 30% and the four Sutton Coldfield wards are all under 4%.
Month on month, the number of unemployment benefit claimants in Acocks Green fell by 45 between February and March 2013. That leaves us with a claimant rate of 10.4%, compared to a Birmingham rate of 11.9%. That remains up 25 on the same month last year, however.
Overall, the number of people unemployed in the city fell by 143.
There is positive news in these numbers, but it is still tough out there. I'm aware of one part-time post advertised in Acocks Green that attracted over 300 applications.
Despite the headlines showing some improvement in the unemployment figures, there's still a lot of devils hiding in the detail. Birmingham has a small increase in JSA claimants year on year, up 0.2%. While that is statistically insignificant, that still means that 179 more men and 1402 more women are out of work than in June 2012 - a fact that is very significant to those people and their families. In Yardley, the overall figure was up by 0.2%, with an increase in women's unemployment of 0.5% set against a drop in male unemployment of 0.2% - that's a net 108 more people out of work in our constituency.
Nationally, it is worth noting that the figures also show a year on year drop of 120,000 in the number of full time employees, continuing the trend towards part time work. At the same time, the number of self-employed people rose by 132,000, accounting for a decent chunk of the change.
These figures are hardly a measure of confidence and - much like the other economic indicators - show no signs of a sustained recovery. With more bad news expected next week with the growth figures likely to show a continued recession, we're still bouncing along the bottom - pretty much as I predicted, sadly.
270,000 public sector jobs were lost in 2011 - a huge number of people affected across the country. Independent observers of employment trends seem to think that unemployment will continue to rise this year, with no likelihood of it starting to fall back until the start of 2013. In Yardley, unemployment has risen slightly year on year, up 0.3% to 7.3% or 4820 people. That breaks down to 10.3% of men and 4.4% of women claiming JSA - not a full count of unemployment, but the most accurate figures available. These are the worst national figures in 17 years.
As Liam Byrne pointed out this week, we've also seen a return to the 1980s as one in ten young people in this city - over 16,000 of those aged 18-24 are currently claiming JSA. As a city blessed with a good supply of young people, not having work for them is a prime concern for Labour, which is why we've got a plan for jobs that would fund 100,000 jobs for young people across the country and provide 25,000 affordable homes.
Sadly, this government continues to fetishise austerity and cuts, risking a downward spiral. Even within the government, they admit that 'there is still something important missing; a compelling vision of where the country is heading' (Vince Cable, 8 Feb 2012).
Labour has been clear from the start - the deficit will be closed by a mixture of spending cuts and growth. That's why we planned slower reductions in public spending. That's why we created an agenda for growth.
The Liberal Democrat/Conservative government have got it horrendously wrong for the past two years and we're all paying the price.
Despite a poor outlook across the rest of the city, Yardley constituency saw a welcome slight month on month drop in unemployment - 113 people have stopped claiming Job Seekers Allowance, a percentage drop of 0.6%. I wonder whether this has anything to do with the imminent opening of the Tesco store at the Swan (Monday 20th)? Year on year, the figures continue to rise - up 2.4% on January 2011.
Women are being particularly badly hit, as claimant numbers have climbed by 7.1% since January 2011, while men have remained broadly static with a 0.1% increase - although that means that 10% of the men in Yardley are claiming JSA.
Yesterday we saw the government's hike in VAT work itself out of the inflation figures, but that still remains high and is outstripping wage increases, meaning that your wages are worth less than they were. One of the credit agencies has put the UK government on notice that our treasured AAA rating is now at risk and George Osborne claims - with a straight face - that this is a vindication of his economic policies. Just as he claimed that when the agencies took the UK off-risk, it was a vindication of his policies. This is, of course, a political issue rather than a practical fiscal one - neither the US nor France have seen rises in the cost of borrowing as a result of losing their AAA ratings and there is no reason to think that the UK would be any different.
Even if we can't find the money for tax cuts from public spending savings, we could add it to the deficit and it is not going to send the markets into a tizzy, I don't think anyone really believes that. The markets will not go haywire if there was a modest loosening in borrowing in the short run if it was for the right reason.
It is becoming increasingly clear that we have been on the wrong track for two years with this government. Growth is the single most important element of reducing the deficit and closing the gap between government income and spending. Osborne's blind faith in austerity will lead us into the same spiral that has afflicted Ireland. It doesn't work and ordinary people end up as the collateral damage in a policy that has failed and was always likely to fail. That's a Tory MP, by the way, David Ruffley.
The most recent figures for Acocks Green have showed a worsening against last month and the year on year figures. 1215 people are now claiming unemployment benefit in the ward - 10.8% of the economically active population. That's up 33 on this time last year and 15 on last month's figures. It sits below the Birmingham figure, but well above the national average.
Birmingham continues to have the worst record of the other core cities, with a claimant rate of 12.5%, which compares poorly to 6.7% across the Midlands and 5.4% across the UK.
This doesn't show the full picture, as it relates only to those claiming unemployment benefit, but the outlook is very worrying given the continued problems with the economy.
