Record Employment Levels

James Brokenshire has welcomed news that the number of people claiming unemployment benefit in Old Bexley & Sidcup has fallen by 20% in the last year.  The House of Commons Library’s latest report on unemployment by constituency showed that in December 2015 there were 431 people claiming Job Seekers Allowance or were claiming Universal Credit and were not in work – a reduction of 108 over the last 12 months.

Separate figures from the Office of National Statistics showed that nationally the unemployment rate is now below pre-recession levels – the lowest rate for nearly a decade.  Employment is at its highest rate in our history, there are more women in work than ever before and 136,000 fewer young people unemployed than a year ago – meaning more people with the security of a job and pay packet.

Commenting James said:

“It is great to see unemployment rates continuing to fall and more local people finding work.  We need to stick with the plan for continued economic growth and with the new National Living Wage being introduced in April, see that everyone has increased financial security and the opportunity to get on and succeed in life.”

You can find the report by the House of Commons Library at: http://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7471#fullreport

The ONS data is at: http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/january-2016/statistical-bulletin.html