Unemployment plunges in DaWN

In the three months to November, the number of people out of work in the UK fell by 58,000 to 1.91m – its lowest level for more than six years. And for our bit of London – Dulwich & West Norwood it fell by from 3,706 or 5.5% and is down to 3.5% of economically active adults. But that’s still 2,428 people without work that want jobs.

So locally we have remarkably lower unemployment than the UK rate which now stands at 5.8 per cent of the adult working population, as per Office for National Statistics (ONS) said.

Today’s larger than expected fall in unemployment is showing that our jobs rich recovery remains on track. We’re fortunately bucking the European trend with strong growth and record job creation. And with earnings outstripping inflation, the benefits of the recovery are starting to flow into people’s pockets.

What is worrying is if we have a new UK government that radically changes policy – whether a lurch to the right with a single party Conservative administration focused on cuts, or a lurch to the left from a single party Labour government that would plunge Britain further into debt.

But even with a record share of the UK working age population being in work, and that we’re now seeing above inflation pay increases, more needs to be done. Youth unemployment remains too high. Even higher record number of apprenticeships are needed – if you own or run a business could you employ more apprentices to help your business grow.

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