The number of people out of work in the city has fallen significantly.
New figures released by the council’s economic development team showed unemployment benefit claimants dropped from 5,627 in May to 5,194 in June.
The rate of unemployment also fell from last year from 3.9 per cent in June last year to 3.1 per cent last month.
Councillor David Hopkins, cabinet member for economy, said: “This is great news but I’m not that surprised.
“We have a very strong economic base here, a high quality workforce, and hundreds of local small and medium-sized businesses thriving and bustling.
“We also have one of the highest levels of business start-ups in the country.
“And of course we recently received the excellent news that Japanese car giant Honda is locating its new F1 operation base in Milton Keynes.
“Milton Keynes has also been chosen as the location for a £150m Catapult Centre for integrated transport systems.”