James Brokenshire has welcomed the positive news that unemployment has fallen to the lowest level on record, dropping to 4.3%. In addition, the number of young people not in employment nationally has fallen below 5% for the first time ever.
Impressively, youth unemployment has now fallen by over 40% since the Government came to power in 2010. There are now 32.14million people overall in work, accounting for 75.3% of the economically active population. These figures have been helped by 75,000 more people finding work over the course of the last three months.
Whilst wage growth needs to catch up with inflation, the Government has put in place measures to protect the lowest paid, including the National Living Wage which guarantees an hourly rate of £7.50 for all those over the age of 25.
Commenting on the figures, James said:
“These figures are welcome news and show that the economy remains strong and resilient and is continuing to create jobs for those who seek them. The statistics on youth unemployment are particularly welcome and represent a real change from the difficulties many young people faced in the jobs market at the end of the last decade.”