Reid welcomes big fall in Argyll and Bute unemployment figures
Alan Reid MP has welcomed the drop in the number of people out of work in his Argyll and Bute constituency - especially the drop by a third in the number of young people.
The latest employment figures announced by the Office of National Statistics for December 2014 show that the number of Jobseeker's Allowance claimants was 982; this is 499 lower than in December 2013 and represents a rate of 2.3 per cent of the economically active population aged 16 to 64.
“I very much welcome the fact that there are 499 less local people out of work compared to a year ago. The Government’s recovery plan is working. We need LibDems still to be in Government after May to keep the recovery on track.”, said Mr Reid.
He added: "It is particularly good to see that in the 18 to 24-year-old age group, the number is down by a third, by 110 to 220."
In those aged 50 and over the figure has fallen by 85 to 285; a drop of 23 per cent.
NOTE: Nationally the figures show that the rate of employment is at a record high of 30.8million. In the last three months employment rose by 37,000 and was up 512,000 on the year. For the first time since 2008 the unemployment rate has fallen below 6 per cent, falling 1.3 percentage points on the year to 5.8 per cent.