Robin Walker, MP for Worcester, has welcomed the release of latest jobs figures showing that unemployment has fallen again and the national unemployment rate is at its lowest level in over four decades.

Figures released by the Office for National Statistics (ONS) show that 427,000 more people have moved into employment in the last year, with 32.26 million now in work. On average, 1,000 more people have entered employment every day since 2010.

The unemployment rate has not been lower since 1975, and the number of people out of work is down by 136,000 compared to a year ago. Although the jobless figures for Worcester were up slightly on the previous month, the increase is in keeping with short-term trends seen at the same time of year in each of the previous four years.

The ONS figures also show that wages are now rising faster than inflation. Alongside this month’s increases in the National Living Wage and Personal Allowance, this continued progress will mean people are earning more and keeping more of what they earn.

This week’s employment figures also show:

  • there are 815,000 vacancies in the economy at any one time
  • the number of people in employment has increased by over 3.2 million since 2010
  • the UK has the third highest employment rate in the G7
  • the number of workers aged 50 or over has reached a record 10.1 million
  • youth unemployment level has fallen by over 40% since 2010
  • the proportion of young people who are unemployed and not in full-time education is 5.1%, a fall of 3.9 percentage points since 2010
  • female employment is at a new record high of 71.0%, with over 1.5 million more women in work since 2010

Secretary of State for Work and Pensions, Esther McVey, said:

“Another milestone for employment has been reached under this government as employment reaches a record high, up 3.2 million since 2010 – the 16th time the employment record has been broken in the same period.”

“Day by day we are helping people turn their lives round by getting into employment. Jobs are key to transforming lives and work is the best route out of poverty.”

Commenting on the figures, Robin said:

“This month marks another record-breaking period for employment under the Conservative Government, and I welcome this historic, 40-year low in the national jobless rate. I am, of course, disappointed to see a small rise in local unemployment from the previous month, however this does mirror the pattern for the same month in previous years and I am therefore confident that we should see it drop back down.”

“Next week we are legislating to reform the so-called ‘Staircase Tax,’ helping a number of small businesses who share office buildings to pay a fairer level of business rates. Alongside the introduction of more frequent rate revaluation, these changes will support our small business owners to expand their teams and support local employment.”

“The continued low in Worcester’s youth unemployment rate is to be welcomed – having fallen by half in the past four years and by more than two-thirds since I was first elected in 2010 – as is the continued drive to make wages go further, with the Treasury cutting income taxes and saving a typical basic-rate taxpayer £1,075 per year, in addition to freezing fuel duty for the eighth year running, saving the average driver £850.”

ENDS

Notes to editors

For the latest employment figures in Worcester, see: https://www.nomisweb.co.uk/reports/lmp/wpca/1929380363/report.aspx#tabwab

For more on what the April tax changes mean for you, see: https://www.gov.uk/government/news/april-tax-changes-2018-what-do-they-mean-for-you

For Robin’s previous statements on employment in Worcester, see:

https://www.walker4worcester.com/worcester-mp-welcomes-record-consistency-in-low-jobless-figures-as-3-million-more-people-in-work-nationwide-since-2010/

https://www.walker4worcester.com/robin-walker-mp-hails-another-record-breaking-month-of-low-unemployment-in-worcester/

https://www.walker4worcester.com/walker-welcomes-news-that-unemployment-in-worcester-remains-below-1000-for-4th-consecutive-month/

https://www.walker4worcester.com/walker-welcomes-continued-fall-in-local-unemployment-as-living-wage-contributes-to-decline-of-low-pay/

https://www.walker4worcester.com/walker-welcomes-continued-fall-in-unemployment-with-worcester-rate-61-lower-than-2010/

https://www.walker4worcester.com/walker-welcomes-uk-unemployment-rate-lowest-in-a-generation-as-worcester-figures-drop-again/

https://www.walker4worcester.com/walker-welcomes-best-employment-figures-for-42-years-unemployment-down-and-wages-up-in-worcester/