Friday, 16 October 2015
Local Unemployment at Lowest Level for 9 Years
The monthly unemployment figures published by the Office
for National Statistics this week, yet again, showed a welcome fall in national
unemployment. The unemployment rate is at its lowest since mid-2008, with more
people in work than ever before and average earnings rising by a healthy 3%. It
was particularly encouraging to see a sharp drop in youth unemployment, with
the number of unemployed 16-24 year-olds falling by 40,000, down by 5% from the
previous quarter.
But, Esher & Walton constituency has done even
better! The local unemployment benefit claimant count (312) is now lower than
at any point since January 2006, falling by 30% over the last year alone. This
gives us the 8th lowest claimant rate of any parliamentary
constituency in the UK, with just 0.6% of the local working-age adult
population claiming unemployment benefit. Similarly, we have the joint
fifth-lowest claimant rate among 18-24 year-olds of any constituency in the
country.
It’s fantastic to see such
vibrant local job creation. It’s a credit both to the many entrepreneurs and
small businesses across the constituency, and the economic stability and
competitiveness the government has instilled since 2010. We need to keep
working hard to cut the deficit, cut taxes, and return the revenue from local
business rates back to the local community – that will make a big difference
here in Elmbridge.
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