It is good to see that the Government’s economic policies are improving the employment rate across the country.
Figures show that the employment rate in the UK remains at a record high of 31.8 million, which represents 74.5% of the working-age population. In addition, unemployment is steady at 4.9%, the lowest rate in a decade.
Of course, these headline figures are good to see, but there is more good news in the detail. For example, wages grew at an average of 2.3% over the past year, which is well above inflation. This means that more and more people are enjoying real-terms pay rises, taking pressure off family budgets. Also, youth unemployment is down by 300,000 since 2010, and the women in work rate remains near its record high of 69.7%.
I am proud to be part of a Government that has been able to achieve this, and I will continue to do all I can to improve the lives of people in North East Hertfordshire, and across the country.