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(EDC-11- 01\(p1a\) Minister\222s Oral Update)Tj
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(An article in the Western Mail reported on a GMB paper which showed that\
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(manufacturing jobs have been in Wales over the last 6 months. The data c\
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(Job gains and losses are a normal feature of economic life. In most year\
s, gross job losses of )Tj
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(between 10,000 and 20,000 in Welsh manufacturing occur. Gross job gains \
are usually of the )Tj
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(same order and magnitude. In recession years, we might expect job losses\
of between 20,000 )Tj
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(and 30,000. The 3,000 losses presented by the GMB is therefore well with\
in the expected )Tj
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(range. It is nevertheless true that employment in manufacturing has been\
falling, in Wales as )Tj
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(well as in the UK as a whole. The recently published ONS figures show th\
at the numbers of )Tj
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(employee jobs in manufacturing in Wales fell by 9,000 \(4.5 percent\) in\
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(The manufacturing sector is also facing particular problems at the momen\
t, with many )Tj
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(companies facing difficult trading conditions. The Bank of England Deput\
y Governor attended )Tj
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(a meeting at the Assembly three weeks ago, when this issue was discussed\
with the First )Tj
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(Minister among others. The Deputy Governor was as concerned as we were a\
t the markedly )Tj
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(different pressures on the exposed sector of the economy \(i.e. export b\
ased manufacturing )Tj
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(etc\) and the domestic sector unexposed to international competition.)Tj
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