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Weekly economic indicators published

01 May 2020

Due to the COVID-19 pandemic it is important for key economic information to be available in a timely manner, to inform decision makers, businesses and members of the public. Therefore, in the short term, Statistics Jersey will be producing this report on a weekly basis to provide statistics in the following areas:

  • Registered Actively Seeking Work (ASW)
  • Income Support
  • Business Disruption Loan Guarantee Scheme
  • Coronavirus Government Co-Funded Payroll Scheme
  • COVID Related Emergency Support Scheme (CRESS)
  • Royal Court housing activity
Statistics Jersey aim to release this report every Friday at 10:00 but, as this is not a previously scheduled report, the time of release may be subject to change. 

Summary

On 26 April 2020
  • the total number of people registered as ASW was 1,930; this total is 290 higher than a week earlier and 1,180 higher than at the end of the comparable week a year earlier (28 April 2019) 
  • more females (980 individuals) than males (950 individuals) were registered as ASW
  • over half (52%) of all individuals registered as ASW had been registered for less than one month
  • ‘Construction and allied trades, mining and quarrying’ saw the largest increase (up 6 percentage points) in the proportion of individuals who were registered as ASW, compared to 31 March 2020
  • there were 6,320 active Income Support claims, 170 higher than on 19 April 2020 and 690 higher than a year earlier (30 April 2019). This latest number of claims provided support for:
    • 8,090 adults 
    • 3,340 children
  • there were 280 active CRESS claims (for individuals having less than 5 years residency); this latest number was a 100 higher than a week earlier, on 19 April 2020. These claims provided support for:
    • 360 adults 
    • 60 children
  • a total of 780 businesses, covering 5,900 employees, had claimed funding under Phase 1 of the Government Co-Funded Payroll Scheme; more than £1.7 million had been paid out under this Scheme

On 24 April 2020
  • fewer than 10 loans had been approved under the Business Disruption Loan Guarantee Scheme; the total amount of loans approved was £399,000, of which £154,000 had been drawn down
  • there were fewer than 10 properties transacted through the Royal Court which were eligible to be included in the Jersey House Price Index 
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