Sharp fall in unemployment over last five years in borough

UNEMPLOYMENT in the borough has plummeted by 26 per cent in the last five years, recent figures have shown.

Statistics released by the Department for Work and Pensions showed that the number of residents claiming support - including those claiming Jobseeker’s Allowance and Universal Credit - has fallen from 1,909 to 1,413 since February 2014.

However, unemployment in the borough has risen in the last year, with 15 per cent more residents out of work than at the same time last year.

The figures across the UK are positive news, with 3.7 million more people at work in the UK since 2010. Meanwhile, wages have continued to outstrip inflation for the 15th month in a row.

Employment Minister Alok Sharma said: “Once again we see more people in work than ever before; 3.7 million more since 2010. A testament to the Government’s support for employers and jobseekers on a day where we also mark that 2 million claimants are now being supported through Universal Credit.

“With wage growth increasing pace on last month, outstripping inflation for the 15th month in a row, and record high female employment – the Government’s focus on pro-business policies and balanced economic management is delivering opportunity for all.

“As we celebrate the UK’s powerhouse digital sector in London Tech Week, we also see almost 100,000 more people in digital jobs in the last year alone.”

Hinckley-based jobseekers are also being invited to a provision and information fair, which will take place on July 10 at the Hinckley Job Centre from 10am to noon.

There will be a variety of organisations in attendance at the event.