NEWS


  • DEVON MP “ENCOURAGED” BY JOB FIGURES AS WAGES CONTINUE TO OUTSTRIP INFLATION

    20 October 2016
    Mel Stride

    CENTRAL DEVON MP Mel Stride says he is “encouraged” by figures released today (19/10/16) for the quarter to August 2016 that show the number of people in work across the UK remains at a record high and the rate of women in work is the highest since comparable records began. Employment now stands at 31.81million; up 560,000 in the last year, with the rate unemployment falling from 5.3% to 4.9% over the same period.

    Mr Stride, who started his own business and ran it for 20 years before entering Parliament in 2010, said:

    “It is very encouraging that, despite the uncertainty surrounding Brexit, job figures remain fundamentally strong with the unemployment rate the lowest in a decade and youth unemployment close to the lowest on record. Especially welcome is the fact that wages are continuing to outstrip inflation – even accounting for inflation rising from 0.6% in August to 1% in September, wage growth is more than double at 2.3%. Another key indicator of whether businesses are still investing in the UK is the number of current job vacancies and this is virtually unchanged at 749,000.”

    He continued:

    “As always, there must never be any complacency though and I welcome the announcement that the Government is rolling out the Jobcentre Plus Support for Schools scheme in England which will give tens of thousands of young people help in taking their first steps in to the world of work.”







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