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Jersey Chamber of Commerce

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Category: Local Business News  States of Jersey

Weekly economic indicators 09/10/2020

Oct 09, 2020


Statistics Jersey have today published their latest economic indicators report. 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.

This report provides statistics in the following areas:

  • Registered Actively Seeking Work (ASW)
  • Income Support
  • Business Disruption Loan Guarantee Scheme
  • Coronavirus Government Co-Funded Payroll Scheme (Phases One and Two)
  • Royal Court housing activity
  • public transport usage
  • monthly passenger departures from the Island

Summary

On 4 October 2020

  • the total number of people registered as ASW  was 1,580; this total is 20 lower than a week earlier and 670 higher than at the end of the comparable week a year earlier (6 October 2019) 
  • a greater number of females (900 individuals) than males (680 individuals) were registered as ASW
  • there were 6,180 active Income Support claims, 10 lower compared with 27 September 2020, and 600 more than a year earlier (30 September 2019). This latest number of claims provided support for:
    • 7,870 adults 
    • 3,170 children
  • under Phase Two of the Government Co-Funded Payroll Scheme almost £78.5 million had been paid out for a total 13,600 claims  from April, May, June, July and August 2020
  • under Phase Three of the Government Co-Funded Payroll Scheme over £800,000 had been paid out for a total 300 claims from September 2020
  • it should be noted that claims could only be made during part of the week, after 1 October
  • public transport usage decreased (by 5%) compared with the previous week

On 2 October 2020

  • around 55 loans had been approved under the Business Disruption Loan Guarantee Scheme; the total amount of loans approved was £3,226,700, of which £3,076,700 had been drawn down
  • there were 27 residential properties transacted through the Royal Court, 24 of which were eligible to be included in the Jersey House Price Index 

Read the full report

Government of Jersey News Release.

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