Mark Menzies MP welcomes record employment figures

Fylde MP Mark Menzies has hailed a further fall in unemployment in the constituency - as the national rate reached its lowest level since 1975.

The unemployment count in Fylde is 650 - down 40 on the same month last year, and down five on the previous month.

Mr Menzies said: "Here in Fylde we have just 1.7 per cent of the economically active population out of work; The 650 unemployed claimants figure is 40 fewer than the same month last year, and five fewer than last month.

"I’m pleased to see productivity – output per hour – also growing by 1.5 per cent, the largest increase since 2016, and wages growing by 2.7 per cent in the past three months.

"The national figures also show a huge fall in the number of people employed on zero hours contracts."

Since 2010 the number of people in work has risen by more than 3.3 million and the unemployment rate is now at a 43-year low – meaning more people have the security of a job and are able to provide for their families.

Only the Conservatives will continue to take the balanced approach our economy needs, creating jobs and opportunities to help people get on in life and build a better future for themselves and their families.

The figures:

·         Employment: 32.39 million (up 313,000 over the last year and up by 3.34 million since 2010).

 ·         Employment rate: 75.6 per cent (up 0.4 points over the past year and up 5.3 points since 2010).

 ·         Unemployment: 1.36 million (down 124,000 over the past year and down by 1.15 million since 2010).

 ·         Unemployment rate: 4.0 per cent (down 0.4 points over the past year and down 3.9 points since 2010) – the lowest since 1975.

 ·         Wages: Latest figures show that average weekly earnings for employees in real terms increased by 0.4 per cent excluding bonuses, compared with a year earlier.

 ·         Youth unemployment: There are 447,000 fewer young people out of work since 2010 and the proportion of young people who are unemployed and not in full time education is at a record low of 4.7 per cent.

 ·         The employment rate among ethnic minority groups is now at a record high of 65.5 per cent, with 487,000 more people from BME backgrounds in work since 2015. This is 73 per cent of the way towards the Government's target to increase the level of BME employment by 20 per cent by 2020.

·         Vacancies are at a record 829,000 in the three months to July 2018, up 51,000 on the previous year and up by 363,000 since 2010.

·         The number of people working full time is 23.86 million – a joint record high and up by 2.63 million since 2010. 

·         There are now over 1.6 million more women in work since 2010.

·         Youth unemployment has fallen by 47.6 per cent since 2010.

·         The UK has the 3rd highest employment rate in the G7.

Mr Menzies added: "Let's not forget, the number of unemployed people increased by one million during Labour’s last term in office; Youth unemployment rocketed by 44 per cent and the number of women unemployed rose by 25 per cent under Labour.

"We also had a situation where the number of households where no member had ever worked nearly doubled under Labour. Britain was not working. It is now under the Conservatives.

"It speaks volumes that no Labour government has ever left office with unemployment lower than when it arrived.

"Now they want to increase Corporation Tax which will make it harder for businesses to invest in more jobs - and the Institute for Fiscal Studies says working people would be hit with lower wages and higher prices under Labour’s tax rises."