George Eustice, Member of Parliament for Camborne, Redruth and Hayle has welcomed news of a new record high employment rate of 76.3% with the unemployment rate not lower since 1974. Wage growth has continued to outpace inflation for the 22nd consecutive month.
Contributing to the plummet in overall unemployment, women continue to benefit most from the thriving UK jobs market – with 317,000 more entering work in the last year alone to reach a record high.
Today’s figures also show an uplift in people taking up quality careers offering real progression – as 3.1 million more people are in higher skilled work since 2010 – making up over 80% of the employment growth.
George commented, “These figures show not only more people in work than ever before but it’s also pleasing to see alongside this a rise in those working in higher skilled roles. With unemployment at its lowest since the 1970s, we’re reaching out to more people and supporting those in work to get ahead.”
