Latest Employment Figures

New figures from the Office for National Statistics show that the number of people claiming Jobseeker’s Allowance has fallen below one million for the first time since 2008 – with unemployment seeing its biggest fall on record.

Yesterday’s strong jobs numbers show our long-term economic plan is working, building a stronger, healthier economy, where fewer people are relying on benefits and more have the security of work.

To make this happen the Conservative-led coalition government has been backing businesses with better infrastructure and lower jobs taxes to create more jobs as part of our plan, while driving a programme of welfare reform. And it’s clear from these figures that it’s working, with the number of people claiming JSA below one million for the first time since 2008, and near record levels of employment.

There is still more to do. We know that families are still feeling the effects of Labour’s Great Recession and we want to make sure living standards go up for the long-term. But the only way to do this is to keep moving towards our target of full employment. The biggest risk to families’ economic security would be abandoning the plan which is getting us there.


Key statistics

· Employment: 30.6 million (up 74,000 this quarter and up 1.8 million since the election).

· Employment rate: 73.0 per cent (up 0.1 points this quarter and up 2.7 points since the election).

· Unemployment: 2.02 million (down 146,000 this quarter and down 475,000 since the election).

· Unemployment rate: 6.2 per cent (down 0.4 points this quarter and down 1.8 points since the election).

· Claimant count: 966,500 in August (down 37,200 on July and down 528,300 since the election).

· Total weekly pay: in July 2014 this was up by 0.7 per cent over the year.

Comments

Jim said…
Hmm, the number of people seeking Job seekers allowance is one thing, but the number of unemployed is quite another

some of them are after another "benefit" some of them are in full time education, some of them are just waiting for the pension. The number of "unemployed" just does not seem to tally with the number of people out of work. It has not for years, even though they introdued the term NEET's , it does not tally.
12:12 pm
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