James Brokenshire has welcomed new figures released yesterday that show the number of people in work is at a record high, with more than 2.96 million more people in work since 2010, while the number of people out of work is at the lowest level in over 40 years.
There are now 32.01 million in work in the UK, an increase of 175,000 over the past three months and up more than 2.96 million since 2010. This puts the rate of employment at 74.9%, the highest since records began in 1971. The figures also show that there are 1 million more women in work than in 2010, the highest number ever recorded.
Locally, the economy is also performing well. Just over 650 fewer people are claiming unemployment benefits now than in June 2010.
Importantly these changes are being driven by the UK’s innovative and growing businesses, with the growth in private sector employment driving the changes. 291,000 private sector jobs were created over the course of the last year.
Commenting on the figures, James said:
“These figures are a positive sign that the British economy is continuing to perform, despite the global challenges it faces. Whilst there is more work to be done on productivity, particularly as a means of increasing pay, these figures should be a welcome sign as to the confidence of business leaders in the UK.”
“It is also good to see some positive local figures. Bexley is a great place to do business and benefits from its links with London and to a workforce from across Kent and the South East, as well as from its reputation as one of London’s safest and greenest boroughs.”