Peterborough sees 18th highest unemployment drop in past year

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Peterborough has seen the 18th highest percentage drop in unemployment in the past year across 405 local authorities across the UK, according to figures released today (Wednesday, June 17).

The Department for Work and Pensions (DWP) says the number of people claiming Jobseeker’s Allowance (JSA) in the area ran by Peterborough City Council has dropped from 4,035 in May 2014 to 2,400 in May 2015, a reduction of 40.5 per cent.

Of those aged 18-25, that figure has dropped from 930 to 570 which is down by 38.7 per cent.

In the past month, the number of JSA claimants has dropped from 2,555 to 2,400 and 610 to 570 for young people.

Paul Gisbey, district operations manager for the DWP, said: “We are seeing people move out of benefits more quickly with 67.4 per cent moving into employment within 13 weeks.

“The job figures show a continued trend and the number of people claiming benefits is reducing.”

Across the country, real wage growth is said to be at 2.7 per cent, the highest it has been since 2007, but figures solely for Peterborough are not available.

Employment Minister Priti Patel said: “Today’s figures confirm that our long-term economic plan is already starting to deliver a better, more prosperous future for the whole of the country, with wages rising, more people finding jobs and more women in work than ever before.

“As the government for working people, we want to go further and create one nation that is based on security and opportunity.

“With a record number of people in work in the East of England, we will continue to help businesses in the region create jobs and support those who want to work hard and get on as part of our ambition to achieve full employment.”