Mel Stride

    JOBS FIGURES released last week show the UK employment rate is at a new record-high of 75.4% or 32.26 million – up 55,000 over the past three months. 136,000 fewer people are now unemployed compared to this time last year, lowering the unemployment rate to 4.2% - the lowest rate since 1975. For the first time in a year average earnings have also overtaken inflation while job vacancies are up 44,000 in the three months to March.

    Welcoming the figures Central Devon MP Mel Stride said:

    “These are a very encouraging set of figures. They show unemployment at a 40-year-low, youth unemployment down by over 400,000 since 2010 and female employment at a record high. Crucially, the number of job vacancies also remains high showing that businesses are growing and recruiting so there is scope for unemployment to come down even further. Locally within my constituency unemployment has fallen by 50% since 2010.”

    Since June 2017 Mr Stride has served as Financial Secretary to the Treasury and Paymaster General, the third highest ranking minister in HM Treasury.