14 September 2016
    Mel Stride

    CENTRAL DEVON MP Mel Stride has welcomed employment figures released today (14/09/16) that show the highest employment rate since comparable records began in 1971 and average wages continuing to grow ahead of inflation. 174,000 more people were in work in the quarter May-July 2016 than in February-April. The number of children living in workless households has reduced and at 5.7% the proportion of 16-24 year olds who have left full-time education and are unemployed is close to the lowest on record.

    Mr Stride said:
    “This is another very encouraging set of job figures with the number of people claiming out-of-work benefits now down at 2.2% - below the pre-recession level and close to the lowest since 1975. Three-quarters of the rise in employment we have seen in the last year is in full-time employment, which is a sign that businesses have confidence to invest permanently in their future. This mirrors the feedback I am getting from local businesses that I visit which, despite the challenges that always exist for any local business trying to succeed, is mostly positive, with many looking to expand or take on new staff. Despite these superb figures, there must be no complacency and our continued economic recovery will remain the Government’s number one priority.”

    Unemployment now stands at 1.63million, down 190,000 over the past year and down 878,000 since 2010. Pay including bonuses has risen by 2.3% over the last year while inflation has remained low.