Drop in unemployment in Peterborough

Jobs and employment news from the Peterborough Telegraph - www.peterboroughtoday.co.uk, @peterboroughtel on Twitter, Facebook.com/peterboroughtoday

Jobs and employment news from the Peterborough Telegraph - www.peterboroughtoday.co.uk, @peterboroughtel on Twitter, Facebook.com/peterboroughtoday

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Unemployment in Peterborough dropped by four per cent during December 2014.

Job figures released today (21 January) by the Office for National Statistics (ONS) show the number of unemployed adults has reduced from 2,336 to 2,240 - a drop of 4.1 per cent.

That is a reduction of 45.3 per cent in the last year when 4,095 adults were claiming Jobseeker’s Allowance (JSA).

For young people aged 18-24. there are 460 who are currently claiming JSA compared to 480 last month which is a drop of 4.2 per cent.

In the past year that figure has gone down from 875 - a reduction of 45.3 per cent.

Steve Bowyer, acting chief executive at economic development company Opportunity Peterborough, said: “Peterborough is performing well at a national level for private sector jobs growth which has contributed to a consistent decline in our claimant count.

“Although the city’s rate of reduction has slowed in comparison to previous months, the overall trend is moving in the right direction and has actually outperformed the Eastern region and the UK which both stagnated in December.”

Employment Minister Esther McVey said: “With more people in work than ever before and a record number of vacancies in the economy, local businesses up and down the country are feeling more confident, taking on new staff and giving people the security of a regular wage.

“As part of our long-term plan, we’re supporting businesses to create the jobs which people need.

“The East of England has the joint highest employment rate of all the UK regions at 76.6 per cent with 43,000 more people in work than this time last year.”

More information:

Regional Labour Market: Jobseeker’s Allowance, December 2014