Skills needed to kick start the West Midlands economic recovery

While there are tentative signs of an upturn in the labour market, with more firms looking to recruit new staff and invest in training, the economic recovery is expected to be weak and protracted.

Headline regional GVA is not expected to begin to rise until 2010 and an upturn in employment is not expected until 2012:

Chart showing annual percentage change in employment and GVA forecast for the West Midlands 2007-2016

Chart: Base forecast: West Midlands trends in employment and value added. Source: Observatory Integrated Policy Model. View full size chart (png, 18kb).

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