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: Base forecast: West Midlands trends in employment and value added. Source: Observatory Integrated Policy Model. View full size chart (png, 18kb).
Filed under: Economy & Labour Force, Employment, Skills, State of the Region, West Midlands, West Midlands Regional Observatory | Tagged: economic recovery, economy, GVA, jobs, labour market, prospects, Skills, West Midlands, West Midlands Regional Observatory | Leave a comment »
