Output Gap Skills Levels Insufficient Skills Levels Insufficient % - - PowerPoint PPT Presentation

Output Gap

Skills Levels Insufficient % with NVQ4 + (Wal = 27%, England = 38%)

£0.3bn

Too Few in Employment Employment Rate (Wal = 65.1%, England = 74.2%)

£0.5bn

Economy Lacking in Dynamism Business Births (Wal = 45, England = 68)

£2bn

Skills Levels Insufficient % with NVQ4 + (Wal = 27%, England = 38%)

£0.3bn

Too Few in Employment Employment Rate (Wal = 65.1%, England = 74.2%)

£0.5bn

Economy Lacking in Dynamism Business Births (Wal = 45, England = 68)

£2bn

• The Black Country is growing and worth £20.2bn - GVA at a 7 year high
• However, productivity remains low at -£9,995 per head
• Black Country output gap equated to £11.7bn

Black Country Economy

Black Country Economy

Output Gap

Skills Levels Insufficient % with NVQ4 + (Wal = 27%, England = 38%)

£0.3bn

Too Few in Employment Employment Rate (Wal = 65.1%, England = 74.2%)

£0.5bn

Economy Lacking in Dynamism Business Births (Wal = 45, England = 68)

£2bn

Skills Levels Insufficient % with NVQ4 + (Wal = 27%, England = 38%)

£0.3bn

Too Few in Employment Employment Rate (Wal = 65.1%, England = 74.2%)

£0.5bn

Economy Lacking in Dynamism Business Births (Wal = 45, England = 68)

£2bn

• Wolverhampton is growing and worth £4.7bn - GVA at a 7 year high
• However, productivity remains low at -£9,173 per head
• The Wolverhampton output gap equated to £2.3bn

Wolverhampton OUTPUT GAP

£2.3bn

Skills Levels Insufficient % with NVQ4 + (W’ton = 23.3%, England = 38%)

£346m

Too Few in Employment Employment Rate (W’ton= 64.1%, England = 74.2%)

£725m

Economy Lacking in Dynamism Business Births (W’ton = 66, England = 68)

£1.3bn

Wolverhampton Economy

Wolverhampton Economy