Government announces record high employment rate
The Government announced yesterday that the number of people in work has hit another record high, with the unemployment rate continuing to remain at its lowest level since the 1970s.
The employment rate currently sits at a record high of 76.3% with all region throughout the UK benefitting from an increase in employment since 2010.
The North West in particular has enjoyed a climb in the number of people in work, with 3.55 million reported to be working.
It has been reported that more than 317,000 women entered work in the last year alone, contributing to this increase in employment.
There has also been an increase in people taking up careers with room for progression, with 3.1 million more people employed in higher skilled work since 2010. This figure makes up 80% of the employment growth.
Minister for Employment, Mims Davies said:
“These figures show not only more people in work than ever before, but it’s also pleasing to see alongside this a rise in those working in higher skilled roles. It means at the dawn of the decade the opportunities to progress in work are out there, with people already benefiting from another month of rising wages.”