Unemployment falls in Milton Keynes

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News

Unemployment has fallen across Milton Keynes in the past year, according to figures released by the Office for National Statistics.

Since September 2014 the number of people in the city claiming job seekers allowance has fallen by 549 and by 3,400 since 2010.

Nationally, employment has risen to 140,000 this quarter and the employment rate reaching 73.6 per cent, the highest on record. Wage increases also continued to rise with the average now at 3 per cent.

Iain Stewart, MP for Milton Keynes South, said: “Milton Keynes’ economy is performing extremely well at the moment. We have strong growth in the service and manufacturing industries and I can see no reason why that won’t continue over the coming months.”

He added: “Nationally we have made some difficult decisions and there are still more to be made but if we can stick to the road we are on and balance the books we will have stronger economy and a more secure future.”

Today’s figures added to the positive news to come out of the Chamber of Commerce Quarterly Report which showed a remarkable increase in economic activity.

The report showed over that in the last quarter 0 per cent of MK service sector firms’ reported a decline in UK sales with 100 per cent reporting UK sales either remaining consistent with the second quarter or increasing.