VIEW FROM THE HOUSE
There was positive news once again for the Beaconsfield constituency with the release, in October, of data showing that the number of people claiming Jobseeker’s allowance was 358 in September 2015. This is 111 lower than in September 2014. The constituency’s employment is 617th highest in the country, out of 650 constituencies. Of the 18-24 age group, there are only 70 claimants, 15 lower than in September 2014. Across the UK as a whole, figures released in September showed there are 400,000 more people in work than there were a year ago. Nearly 90 per cent of the rise in employment over the past calendar year comes from full-time jobs.
The analysis of where the new jobs are being created shows a record number of people working in the private sector. Nationally, there are 450,000 more people in private sector jobs than there were a year ago.
Since 2010, private sector employment has risen by nearly 2.5 million. In our region, the South East, the number of such jobs increased by 186,000. I am very conscious that a lot of my constituents commute daily to the capital and thus the increase in the number of jobs in London – by 607,000 – is also very significant for the Beaconsfield constituency.
The rewards of work have also increased, confirmed by data news about rises in pay. Real pay (excluding bonuses) rose by 2.9 per cent over the year. This is the fastest annual rise since 2002.
Overall there is close to a record 31.1 million people working in the UK, 80 per cent of whom are employed in private sector jobs. The UK has experienced the largest rise in employment of any of the G7 nations. It is a remarkable turnaround.