NEWS


  • MP WELCOMES LATEST JOB FIGURES AS UNEMPLOYMENT HITS 11-YEAR LOW

    Mel Stride

    CENTRAL DEVON MP Mel Stride has welcomed new job figures released today (20/07/16) that show the highest employment rate since comparable records began in 1971, the lowest unemployment rate since July 2005 and wages continuing to grow faster than inflation. 31.7million people were in employment in the quarter March-May 2016; 176,000 more than the previous quarter and 624,000 more than the previous year. The unemployment rate fell to 4.9%.

    Mr Stride, who started his own business from scratch and ran it for 20 years before entering Parliament in 2010 described the figures as ‘outstanding’ and highlighted the reduction in temporary contracts as especially welcome:

    “The Government should be proud that six years of pro-business policies that have supported small businesses, enabled existing businesses to grow and encouraged new ones to start up, are really taking effect. It is particularly good news to see the number of people employed on a temporary basis drop by 33,000 as this is not only offers greater security to these employees but is a good indicator that businesses have faith in the economy and are prepared to commit to permanent contracts. There must not be any complacency however and the economic recovery will remain one of the Government’s top priorities.”

    In Mr Stride’s Central Devon constituency unemployment has fallen by a further 2% so just 410 of his 73,000 constituents rely on out-of-work benefits.







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