Another big drop in unemployment, meaning nearly 400 more Stopfordians have a job now than they did this time last year, was welcomed as fantastic news by Lisa Smart, Prospective MP for Hazel Grove, & Andrew Stunell MP this week after new figures for November were released by the Office of National Statistics.
Locally, nearly 400 more people in Hazel Grove have a job now than a year ago, with nearly 50 finding a job in the last month alone.
Commenting Lisa Smart, Prospective MP for Hazel Grove, said -
“This is more fantastic news for Stockport and the timing couldn’t be better, with more Stopfordians in work now, just in time for Christmas!”
“Since the Liberal Democrats went into Government, youth unemployment in Hazel Grove has halved and over 2,500 apprenticeships have been created in Stockport in just the last year. This is great news for our young people in Stockport and is a great way to start the new year!”
Nationally, the unemployment rate stands at six per cent - its lowest level in six years.
Employment has reached 30.8m with over 1.7m new jobs created since the Liberal Democrats entered Government.
Andrew Stunell MP said –
“More jobs have been created every month this year, and we now have a record number of people in work. The figures are also beginning to show that pay rises are leading to growth in real terms. It is excellent news all round.”
Liberal Democrat Business Secretary Vince Cable said -
“Today we’ve had another remarkable set of labour market figures, which show that the strong performance of the labour market has been broad based.
“This has led to an almost record share of the UK working age population being in work. In addition we are now seeing rises in average pay growth above inflation, meaning annual real wage rises for many workers.
“However, there is still more to be done. Although youth unemployment has fallen in the past year, it remains too high. That is why we will continue to encourage firms to invest in the UK and equip British workers with the skills they need to compete in the jobs market.”