Encouraging employment figures show our economy is recovering

October 15, 2014 10:33 AM
Originally published by UK Liberal Democrats

Employment figures released today by the Office of National Statistics (ONS) show further encouraging signs that our economy is recovering.

In the quarter to August, unemployment fell by 154,000 to 1.97m. This is largest fall in unemployment since records began.

And the rate of unemployment fell from 6.2 per cent to 6 per cent - its lowest level since 2008.

Unemployment Reducing

In the last three months youth unemployment fell by 88,000.

There are more than 30m people in work, which further shows our economy is growing.

Commenting on the figures, Liberal Democrat Chief Secretary to the Treasury Danny Alexander said:

"Our jobs rich economic recovery means that Britain is fast becoming the job creation capital of the western economies. Because our recovery plan is working, so is the country and in record numbers.

"Every job created is a family made more secure and is another step towards the stronger economy and fairer society that Liberal Democrats are committed to build."