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

Output Gap Skills Levels Insufficient Skills Levels Insufficient % with NVQ4 + (Wal = 27%, England = 38%) % with NVQ4 + (Wal = 27%, England = 38%) £0.3bn £0.3bn Too Few in Employment Too Few in Employment Employment Rate (Wal = 65.1%, England = 74.2%) Employment Rate (Wal = 65.1%, England = 74.2%) £0.5bn £0.5bn Economy Lacking in Dynamism Economy Lacking in Dynamism Business Births (Wal = 45, England = 68) Business Births (Wal = 45, England = 68) £2bn £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 + (W’ton = 23.3%, England = 38%) Skills Levels Insufficient £346m Skills Levels Insufficient % with NVQ4 + (Wal = 27%, England = 38%) % with NVQ4 + (Wal = 27%, England = 38%) £0.3bn Wolverhampton £0.3bn Too Few in Employment OUTPUT GAP Employment Rate (W’ton= 64.1%, England = 74.2%) £2.3bn Too Few in Employment £725m Too Few in Employment Employment Rate (Wal = 65.1%, England = 74.2%) Employment Rate (Wal = 65.1%, England = 74.2%) £0.5bn £0.5bn Economy Lacking in Dynamism Business Births (W’ton = 66, England = 68) £1.3bn Economy Lacking in Dynamism Economy Lacking in Dynamism Business Births (Wal = 45, England = 68) Business Births (Wal = 45, England = 68) £2bn £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 Economy

Wolverhampton Economy