Unemployment at its lowest level for over four decades

Figures out today show that the number of people out of work is at a record low. In Meriden constituency, the number of people who are unemployed has fallen by 911 – a 29 per cent drop – since 2010.

Employment has increased in the West Midlands with 2,798,906 people in work – an increase of 322,906 more people in work since 2010.

Dame Caroline Spelman has welcomed the new figures, which show that unemployment is at its lowest since 1975 and that the number of young people out of work has fallen by over 447,000 under the Conservatives. 

The Meriden MP, said:

“With the Conservatives, unemployment continues to fall to record lows. Thanks to local investment in jobs and new technologies, together with wider welfare reform and improved educational attainment, we are helping more people into work and are backing businesses to create jobs.

“That means more people benefit from getting up every day to a good job, and more people have the financial security of a regular pay packet to provide for themselves and their families”.

Secretary of State for Work and Pensions, Esther McVey, said:

“With the unemployment rate falling further to just 4%, and youth unemployment down over 45% since 2010, school leavers this week can look forward to a growing jobs market, improving the prospects for their future careers.

“In fact the UK’s vibrant jobs market is benefiting people across the board. Record rates of ethnic minority people in work also show that more families across our society are benefiting from the security of a job, with wages also on the increase.

“We have some of the most creative, innovative and hard-working young people in the world and this summer I’ve been urging them to take on a summer job, gaining ‘soft skills’ – or as I call them, essential skills - for their future careers.”