Figures out today show that unemployment is at the lowest rate since 1975 and over three million more people are in work since 2010. This means 4,647,000 people are in work in South East – an increase of 455,000 since the Conservatives came into Government. In the Newbury constituency the number of unemployed claimants fell to 0.7%. Only nine constituencies in the UK (out of 600) have lower rates of unemployment.
In 2017, more than 10 employment records were broken. The employment rate and the number of people in work, the number of women in work and black and minority ethnic employment all reached record highs during the year.
This is due to the action we have taken and are continuing to take to support people into work, through cutting taxes on business, reforming the welfare system and investing in skills. We will continue to work to make sure that our economy remains strong to create the better, higher-paying jobs that people need.
While in Newbury, the number of people claiming the key out of work benefits has fallen by 881 – a 69% per cent drop – since 2010.
Richard Benyon MP has welcomed today’s figures showing that more than 3 million people are back in work since 2010, and that the level of people out of work is at the lowest level in over 40 years.
“Under this Conservative government, the number of people out of work has fallen by over a million.
“Since 2010, over 3 million more people are in work, with the security of a regular pay packet.
“The Conservatives are building a strong economy that works for everyone.”
Today’s figures also show that there are 400,000 fewer young people out of work since 2010, while the number of people in work and the number of full-time jobs in the workforce are at record highs.