Friday, 16 May 2014

Unemployment Rate Hits A Low Of 6.8%

Today's figures show that the UK unemployment rate has hit a low of 6.8%, the lowest level in more than five years. The number of people in work is at a record high of 30,430 in the first three months of this year and the number of people out of work has fallen by 133,000.

The Lib Dems have been working to boost employment in order to secure living standards for the future and these new figures show that our plan is working. In all, 283,000 more people have found work, which was the largest quarterly increase since records began in 1971. This means that the number of people in work is higher than ever before.

Danny Alexander commented on today's employment figures:

"This further big rise in employment shows again that our jobs rich recovery is becoming firmly established. It follows strengthening economic growth figures and positive news on inflation.

"Though there is still a long way to go in returning the British economy to full health, the actions Liberal Democrats are taking in coalition are fixing the economy. As well as leaving Labour's economic narrative in tatters, today's figures give the lie to UKIP's scaremongering on immigration. The very modest numbers of Romanians and Bulgarians coming to work in Britain this year is in stark contrast to the inflammatory rhetoric of earlier this year.

"Overall today's figures are good news for the people of Britain, and bad news for those who would threaten our recovery by turning the clock back"