Tuesday, 24 March 2015

North East Unemployment figures are more proof the Long Term Economic Plan is working

The latest stats on unemployment rates for the quarter Nov-Jan 2015 have just been released this week and they contain more excellent economic news for the North East. The headline stats are:
  • employment in the North East is now at its highest ever level
  • unemployment rate in the North East fell by 1.4% on the quarter, which is the largest percentage fall of any region/country in the UK
  • the fall in the unemployment rate in the North East was almost five times the national average percentage fall of 0.3%
  • unemployment in the North East was 123,000 a year ago and has now fallen to 99,000—a percentage fall on the year of 17.6%
  • Private Sector employment is up 60,000 in the North East since 2010
  • 47,000 more people in employment in the North east than in May 2010
  • 27,000 more businesses in the North East than in May 2010
  • 143,780 apprenticeships started in the North east since May 2010
  • 119,000 people out of income tax altogether since May 2010
  • Tax threshold up from £6500 to £10,600 from 2010= tax cut for every working for millions and especially the low paid.