Figures showing that unemployment continues to fall in Cambridge and the number of those out of work nationally has dropped below seven per cent have been welcomed by the city’s MP Julian Huppert.
The number of people claiming Jobseekers’ Allowance in the city fell to 1,103 in March, 497 lower than in the same period last year and 46 fewer than in February 2014. The figures mean that just two per cent of the working population aged between 16 and 64 are without jobs.
National figures released today have seen unemployment fall to a five year low and earnings, which have grown by 1.7 per cent, are higher than inflation at 1.6 per cent.
Julian said: “This is very good news all round. Our economy has turned the corner and we are seeing real growth, not only in the number of jobs which have come with the renewed confidence among employers but also the fact that they feel able to increase wages.
“It is good to see unemployment continuing to fall in our city. We have seen month on month improvement and I am optimistic this will continue as companies feel able to grow and expand and new firms come in.
“I hope this new growth in our economy will bring better news for those still seeking work. There is no doubt that it is difficult for those families surviving against a backdrop of unemployment and I have sympathy with them. I hope they can see light at the end of the tunnel and their fortunes will soon improve.”