July 2016 Unemployment figures

According to the official figures there were 1,389 unemployed claimants in the Bury North constituency last month. This figure includes both those claiming Jobseeker’s Allowance and Universal Credit. The total is 23 lower than the previous month.

The position locally mirrors the national situation which show there are a record 31.75 million people in work – an increase of over 600,000 in the last year. Over the last year almost two-thirds of the new jobs have been in full-time employment. The rate of employment at 74.5% is the highest since comparable records began in 1971. There are close to three-quarters of a million vacancies across the country.

I know from the emails I receive from the unemployed how disheartening it can be to keep being rejected but there are companies who are hiring and there are vacancies that need to be filled. I fully appreciate that if someone is unemployed and looking for work the unemployment as far as they are concerned is 100% and it is not much comfort that others are finding work. It is important to remain positive and optimistic.

Latest unemployment figures

I am pleased to see that the number of people unemployed in the Bury North constituency has shown another small decline this month. Of course, nothing dramatic will happen over the course of four weeks but the long term trend on unemployment is encouraging. Of course there is still much more to do and unemployment will only continue to fall if employers have the confidence the economy is going to improve.
Cutting Employers National Insurance by up to £2,000 will also help stimulate growth in the jobs market with thousands of small businesses in Bury, Ramsbottom and Tottington no longer having to pay any employers national insurance contributions at all.

In the last six months the number of people claiming Jobseekers Allowance has fallen by 450 a 25% reduction of over 25%, this is to be welcomed not just because the numbers on a graph are going in the right direction but because it means there are hundreds more people in Bury who now have the security of a regular pay packet.

Since the last general election the number of young people aged 18 to 24 claiming Jobseekers Allowance in Bury North has also been cut – by over a half from 635 to 280.

Latest unemployment figures

The latest unemployment figures show the number of 16 to 64 year olds claiming Job Seekers Allowance in Bury North has fallen by 422 in the past year to 1,773.

This fall is to be welcomed but there is clearly still much work to do. It does provide one piece of evidence that the Conservatives long term plan is working. The economy is turning the corner and these figures back up the anecdotal evidence that confidence is gradually being restored to British businesses

Latest Unemployment figures

Hot off the press are this months latest unemployment figures which show that this month there has been a slight fall in the number of unemployed in Bury North to 2064. This number has been remarkably static for several years and in fact out of interest I looked back to see what the corresponding figure was for April 2010 which was the first time I was sent the figures after the 2010 general election. In that month there were 2136 unemployed. As a percentage of the all those economically active there has been a fall from 5.2% to 4.7%.