Unemployment falls for the fifth month in a row

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The number of people currently out of work in the city has fallen for the fifth time in a row, according to the latest figures.

The rate of unemployment fell in December to just 2.2 per cent, or 3,630 job seekers, from 2.3 per cent in November.

The figures have also improved from this time last year when unemployment stood at 3.1 per cent.

The news is a ‘good indication of economic stability for Milton Keynes, particularly when matched with a rise in population’ which has gone up from 252,400 in 2012 to 255,300 last year.

Councillor David Hopkins, Cabinet member responsible for Economic Development, said: “The economy and job creation is still very strong in Milton Keynes, and these latest job statistics back this up.

“We have already been cited as being best place to lead the country’s economic recovery – and this is clearly happening.”

The figures are collated each month by Economic Development: InvestMK, which sits within Milton Keynes Council.

MP for Milton Keynes North, Mark Lancaster welcomes the news.

He says the continuing decline in the number of claimants shows the long-term economic plan is working and that with each new job, another pay packet ‘provides more stability and security for Britain’s families.’

Mr Lancaster said: “The MP’s office at The Business Centre in Linford Wood is a prime example of local economic success.

“In 2013, 36 office units were vacant, today just one is available. The job is not done, but today, we are recognising that this is the biggest rise in the number of people in work since records began”.