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Future Jobs in South East Wales
More
than 1.2 million people live in the South East Wales area.
Most of its economic success has come from attracting inward
investment along the M4 corridor, while the growth of Cardiff
as a European Capital City has also helped. However, some
parts of the South Wales valleys remain deprived.
Main
sectors of employment in South East Wales
These
are the industries which employ the most people in South East
Wales.
The biggest sectors will generate a lot of jobs, but there
are certainly opportunities in the smaller sectors.
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Public
Services
|
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Construction
|
 |
Distribution
and Hotels |
 |
Metals,
minerals and chemicals |
 |
Other
Manufacturing |
 |
Transport
and Communications |
 |
Financial
and Business Services |
 |
Agriculture |
 |
Engineering |
 |
Mining
and utilities |
Source:
Business Strategies for Future Skills Wales, 2000
Key
sectors
There
are industries where South East Wales has a larger share than
the rest of Wales. This does not necessarily mean they will
employ the greatest number of people, but they are sectors
where SE Wales has a particular strength relative to the rest
of Wales.
1. ‘Other’
Financial and Business Services, e.g. property activities,
computer related activities
2. Manufacture of wood and wood products
3. Other manufacturing, e.g. recycling, manufacture of furniture.
4. Electrical and optical equipment, e.g. manufacture of computers
& manufacture of surgical equipment
5. Other (largely private) services, e.g. arts activities
& entertainment
6. Banking and insurance
7. Machinery and equipment, e.g. manufacture of machinery
for production use
8. Paper, printing and publishing, e.g. publishing newspapers,
books and music
9. Business Services, e.g. accounting or market research
10. Communications, e.g. telecommunications
Source:
Derived from Business Strategies for Future Skills Wales,
2000
Five
Year Prospect
These
are the industries that are likely to have greatest jobs growth
over the next 5 years:
1.
‘Other’ (mainly public) services
10,000 new jobs predicted. Jobs growth here is mainly down
to increased numbers of people being employed in public health
services and in education.
2.
‘Other’ manufacturing
2,500 new jobs predicted. Manufacturing has a strong tradition
in South East Wales. This sector includes industries like
recycling which are growing because of concerns about waste
disposal and the environment. Also included here is the manufacture
of items as diverse as office furniture, toys, sports goods
and jewellery.
3.
Financial and Business Services
1,400 new jobs predicted. South East Wales is by far the strongest
region in terms of financial and business services in Wales.
It includes banking, insurance and selling property.
4.
Engineering
1,000 new jobs predicted.
This includes the manufacture of machinery which is used by
other companies in the production process. Among the items
produced are electrical and optical equipment such as communication
equipment, medical equipment and optical precision instruments.
Source:
Business Strategies for Future Skills Wales, 2000
There
will be many additional jobs in these and most other sectors
due to retirements and people changing jobs.
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