As these strong jobs numbers show, our long-term economic plan is delivering for Britain – creating a stronger, healthier economy, and moving us closer towards our target of full employment.We have helped businesses to create jobs by backing them with lower taxes and better infrastructure. Today’s figures confirm that this approach is working, with another big fall in unemployment, record numbers of jobs and positive signs that pay cheques are beginning to rise faster than inflation.
There is more to do, and we know that families are still feeling the effects of Labour’s Great Recession. But the only way to get living standards up sustainably is to keep working through the plan that is getting people off welfare and into work – so that more people can have the security and self-respect of a decent job and are better able to provide for themselves and their families.
Key Statistics:
- Employment: 30.8 million (up 112,000 this quarter and up 1.7 million since the election).
- Employment rate: 73.0 per cent (up 0.2 points this quarter and up 2.8 points since the election).
- Unemployment: 1.96 million (down 115,000 this quarter and down 550,000 since the election).
- Unemployment rate: 6.0 per cent (down 0.3 points this quarter and down 2.0 points since the election).
- Claimant count: 931,700 in October (down 20,400 on September and down 563,100 since the election).
HERE IN CHORLEY we have seen the number of people needing to claim Job Seekers allowance at its' lowest since December 2007.
