Gwent is a preserved county in the south-east of Wales. The original county was abolished under the Local Government (Wales) Act in 1994. However, it is still a term used by various public sector and private businesses, and for the purposes of employment, the preserved county we refer to includes Caerphilly, Monmouth, Newport, Torfaen, and Blaenau Gwent.
The estimated population as of 2007 was 560,500, and the average full-time salary ranges from £24,309 in Blaenau Gwent to £32,606 in Monmouth.
Newport is home to many national and international companies, such as Admiral Group, Gocompare.com, the Ministry of Justice Shared Services, the Intellectual Property Office, and the Office for National Statistics. Monmouth, on the other hand, is a good place to look for work in the retail and wholesale sector, as it employs 19.5% of staff (compared to the 16.3% Welsh average).
The current unemployment rate in the area is 5.8% which is significantly lower than both the English and Welsh average, at 7.9% and 8.4% respectively.
Over the last year, there were almost 8,000 new job centre vacancies advertised - a rise of 6% on the previous year. This has led recruitment agencies to predict that this trend will continue, making the region appealing to job-seekers around the UK.