NEWS


  • MP WELCOMES JOB FIGURES AS UNEMPLOYMENT DIPS BELOW 4% FOR FIRST TIME SINCE 1975

    Mel Stride

    CENTRAL Devon MP Mel Stride has welcomed new employment figures which show the number of people out of work has fallen to 3.9% – the first time unemployment has dipped below 4% since 1975. Across the UK a record high of 32.71 million are in work; up 473,000 over the last year and the employment rate is 76.1%; up 0.8 points over the past year. 

    Mr Stride, who serves as Financial Secretary to the Treasury and Paymaster General, said:

    “Getting unemployment down under 4% for the first time in over 40 years is a major achievement. There are now nearly half a million fewer young people out of work compared to 2010, with 80% of jobs created over the past nine years being in full-time work. The percentage of the workforce on zero-hour contracts continues to fall, now standing at 2.6%. The latest data also shows wages continuing to grow faster than inflation. But there is a great deal more to to, particularly in terms of boosting productivity.”

    International trade statistics for 2018 show that the UK is the second fastest growing goods exporter among the top five economies, just behind China. The latest ONS statistics show that UK good exports grew by 3.1% to £10.6bn in the year to January 2019.







CONTACT DETAILS: