Youth unemployment rate falls to record low

Figures released today show that unemployment has remained at its lowest level in more than four decades, with youth unemployment falling to its lowest rate since records began.

Employment has increased in the East of England with 3,074,899 people in work – an increase of 330,899 since 2010.

Alistair Burt has welcomed the new figures, saying:

“With unemployment and youth unemployment rates at record lows, more people have the security of a good job and a regular pay cheque.

Thanks to the Government’s reforms, we are helping more people into work and, in NE Bedfordshire, the number of people who are unemployed has fallen by 496 - a 35 per cent drop since 2010.

By continuing to back businesses to create good jobs and opportunities for all ages in all regions of the UK, we are continuing to see real terms wage growth which is helping families keep more money in their pockets”.