Mel Stride

    CENTRAL DEVON MP Mel Stride has welcomed the latest UK job figures which show unemployment is at its lowest level since 1975 and both the UK employment rate and the number of people in full-time work are at record highs. Average weekly earnings for employees has increased by 3.5% compared with a year ago – around double the rate of inflation.

    Mr Stride said:

    “These are another set of very encouraging figures, with wages now having risen ahead of inflation for 21 consecutive months. Unemployment falling from an already low 4.1% to 3.8% over the last year is a strong sign that businesses in the UK are continuing to grow and create jobs. The fact that there are now nearly half a million fewer young people out of work compared with a decade ago is also very good news.”

    The figures are for the latest quarter available – August 2019 to October 2019 – and show UK employment now stands at 32.80 million (up 309,000 over the last year) with unemployment at 1.28 million (down 93,000 over the past year). The UK employment rate is now a record high of 76.2% with full-time employment also at a record high of 24.24 million (up 272,000 over the last year).