New figures show the highest real wages rises in seven years – as unemployment continues to fall.
They show wage rises at the highest level in seven years, more people finding jobs, with 2 million more people in work since 2010, and a record number of women in employment. This means more families with the security of a good job and a regular pay packet – and it’s thanks to the hard work and the determination of the British people, as well as the strong leadership and clear economic plan we have been delivering.
We know the job is not done though. So as the Government for working people we will go further to create one nation based on security and opportunity – continuing to back business businesses to create more good jobs and support those who want to work hard and get on as part of our ambition to achieve full employment.
Employment: 31.1 million (up 114,000 this quarter and up 2.0 million since 2010).
Employment rate: 73.4 per cent (up 0.1 points this quarter and up 3.2 points since 2010).
Unemployment: 1.81 million (down 43,000 this quarter and down 696,000 since 2010).
Unemployment rate: 5.5 per cent (down 0.1 points this quarter and down 2.4 points since 2010).
Claimant count (Jobseeker’s Allowance and Universal Credit not in work): 791,800 in May (down 6,500 on April and down 678,000 since 2010).
Wages: total pay is up 2.7 per cent. Inflation measured by the CPI over the same period increased by 0 per cent.
Other useful statistics:
1,000 jobs have been created every day on average since Labour were in power.
The private sector has created over 2.4 million jobs since Labour were in power.
There are more women in work than ever before.
The number of young people without a job has fallen by 199,000 over the last year.
The proportion of the workforce claiming benefits because they are unemployed is at its lowest level since 1975.
Labour always try and tell Britain that all these jobs are part-time, insecure and poorly paid – in fact:
Over the last year 85 per cent of the jobs created have been full-time.
Over three-quarters of the rise in employment over the past year has been outside London and the South East.
Around one in 50 people in work are on zero-hours contracts. Unlike the last Labour Government, who did nothing, we have taken action to clamp down on abuses by banning exclusivity contracts.
Real wage growth is at its highest in seven years.
The most comprehensive measure of living standards, which takes account of our tax cuts, shows living standards are higher now than in 2010 – with the average household forecast to be £900 better off in 2015 than in 2010.
It was Labour that left people with fewer jobs and fewer opportunities:
The number of people without a job increased by one million in Labour’s last term in office.
The number of people on unemployment benefit rose by 82 per cent in Labour’s last term.
Youth unemployment rose by 45 per cent under Labour – meaning young people were not getting the skills they need to get on in life.
The number of households where no member had ever worked doubled under Labour.