Employment rate reaches new record high…………
The UK employment rate has risen to a new record high of 73.7%, and average pay has grown 3% over the last year
The unemployment rate is approaching pre-recession levels, and at 5.3% is the lowest since early 2008. Over the last year, there has been a drop of 210,000 in the number of unemployed people.
Beneath the record-breaking headlines are a number of encouraging figures:
Employment Minister Priti Patel said:
“Employment is at a record breaking high, and wages have continued to grow strongly, demonstrating that this government is delivering for hardworking people.
“With 2 million more people in work since 2010, the unemployment rate at its lowest in 7 years, and the number of people on one of the main out of work benefits down by a million since 2010, it is clear that this government is transforming lives for the better, and creating the higher wage, lower welfare society that British people want to see.
“But this growth is only one part of the story, because our one nation approach involves a commitment to provide opportunity and security for everyone across the country.”
The government has committed to narrowing the decades long gap between the north and south by creating a Northern Powerhouse.
This includes investing in skills, infrastructure, science and education to create jobs and opportunities in the north. We are also handing local powers to local people through ground-breaking devolution deals.
Today’s figures show there are 329,000 more people in work in the north of England since 2010.
Other regional success stories include:
· The Recruiting Times. On Line Article , Wednesday 11 November 2015 recruitingtimes.org/recruitment-and-hr-industry-announcements
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