A further drop in Stockport’s unemployed, and the fast creation of jobs nationwide, was welcomed by Lisa Smart, Prospective MP for Hazel Grove, & Andrew Stunell MP this week after new figures for October were released by the Office of National Statistics.
Locally, over 300 more people in Stockport have a job now than a year ago, with an extra 40 in a job in the last month alone.
Commenting Lisa Smart, Prospective MP for Hazel Grove, said -
“This is more great news for Stockport. More jobs, less unemployment and, even better, more young people in Stockport now have a job compared to last month. The Liberal Democrats have boosted Britain’s economy with creating a new job every minute of every working day. This is a huge achievement and one we, as a nation, should be proud of!”
Office of National Statistics figures show unemployment fell by 115,000 in the last quarter. Between July and September unemployment dropped to 1.96 million - the 18th consecutive quarterly fall. Earnings, excluding bonuses, also rose by 1.3% in the year to September, ahead of the 1.2% Consumer Prices Index inflation rate.
Employment now stands at a record high of 30.8 million, with 1.7 million new jobs created since the Liberal Democrats entered Government.
Andrew Stunell MP said –
“Stockport is doing well, with more jobs, lower unemployment, and better options for young people. We now see wages rising faster than inflation, and that coupled to tax breaks that have taken low paid workers completely out of tax, means everyone is beginning to get the benefit of the progress we’ve made.”
Chief Secretary to the Treasury, Danny Alexander said -
“Britain is in the fast lane of job creation. The British economy has created over 1.7 million new jobs with the Liberal Democrats in Government since 2010.
“But these welcome figures are so much more than mere numbers. Every job created helps someone build or secure a livelihood.
“This, combined with the news that wages - excluding bonuses - are now rising faster than inflation, is real progress in building the stronger economy and fairer society that we aspire to.”