Good job creation figures, more people moving from welfare to work

October’s record breaking employment figures show 30.8 million people in work – the highest level on record. Wokingham’s unemployment remains at very low levels, which is welcome news.

This means an average of over 13,000 more people in jobs every single week over the last year.

As well as a record number of women in work and a continued fall in youth unemployment it is encouraging to see that pay cheques are beginning to rise faster than inflation.
Through our welfare reforms, we are helping people to move off benefits and into work – giving hard working people the peace of mind and security that comes with a steady income.

These remain difficult times for families and there is more to do, but the best way to help people break free of welfare dependency is to go on delivering a plan that rewards hard work and creates growth and jobs.

Key achievements of the last four years

• Employment rate at pre-recession level: 73%.
• Unemployment rate: 6%.
• Nearly 1.33 million more people working full time since the election.
• Over 2 million more people working in the private sector since 2010
• Female employment up 774,000 since 2010
• The largest annual fall in female unemployment on record, with the UK seeing the fastest growth in the number of women in work out of all G7 economies.
• JSA 18-24 claimant count down 210,000 since 2010 – below pre-recession level.
• Excluding full-time students, youth unemployment down 163,000 since 2010
• JSA claimant count down 563,000 since the 2010.
• Long-term unemployment down 99,000 since 2010.
• Number of people on the main out-of-work benefits down 855,000 since 2010 – the lowest since 1990.
• A lower proportion of workless households than at any time on record – down more than 400,000 since 2010.
• Two thirds of the rise in employment has been in higher skilled occupations since 2010 – commanding a higher wage.
• Job vacancies nearly at pre-recession levels – over 680,000 at any one time – an increase of 25% on the year.
• Wages are now beginning to increase in real terms – average regular pay (excluding bonuses, in the three months to September) rose 1.3% on the year, with private sector pay up 1.6%. This compares to an increase in the Consumer Prices Index of 1.2% in September.

This entry was posted in Wokingham and West Berkshire Issues. Bookmark the permalink. Both comments and trackbacks are currently closed.

One Comment

  1. CHRISTOPHER HOUSTON
    Posted November 15, 2014 at 1:17 pm | Permalink

    Good.
    On the October 2014 unemployment rate WE have beaten:-
    Bulgaria 11.4%
    Canada 6.5%
    Estonia 6.9%
    France 10.2%
    Hungary 7.5%
    Italy 12.6%
    Latvia 10.7%
    Lithuania 12.4%
    Poland 11.5%
    Portugal 13.1%
    Slovakia 12.4%
    Spain 23.67%

    But WE need to catch up to-:
    Brazil 4.9%
    China 4.1%
    Russia 4.9%

    These figures are remarkable in that Canada Brazil and Russia are suffering terribly because of the low oil price. More surprisingly: Russia’s unemployment rate is still declining despite all the economic sanctions the EU & the USA can throw. And China’s economy is described as sluggish, in the West at least.

    We must find out what Prime Minister Stephen Harper, President Dilma Rousseff, President Vladimir Putin, President Xi Jinping and Prime Minister David Cameron have in common

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

  • John’s Books

  • Email Alerts

    You can sign up to receive John's blog posts by e-mail by entering your e-mail address in the box below.

    Enter your email address:

    Delivered by FeedBurner

    The e-mail service is powered by Google's FeedBurner service. Your information is not shared.

  • Map of Visitors

    Locations of visitors to this page