Lincolnshire’s jobless figures for August reached their lowest level since 2008, mirroring the positive national outlook revealed by the latest published data.
The Office for National Statistics’ most recent figures listed Lincolnshire’s unemployment rate for the month as just 2.8 per cent with 421 fewer Jobseekers Allowance claimants recorded since July.
East Lindsey’s JSA claimants had declined at the county’s most rapid rate, with a six per cent month-on-month reduction, equivalent to 132 fewer jobseekers in the district.
Lincolnshire County Council’s executive councillor for economic development Coun Colin Davie has welcomed the news, which he believes to be a positive sign of the region’s improving fortunes.
“I welcome any fall in unemployment and it’s pleasing to see that we are back at 2008’s level,” he said.
“It’s quite clear that the economy has started to turn and in relation to Lincolnshire, in particular, we are getting increasing numbers of enquiries from businesses looking to invest in the county.
“Lincolnshire’s businesses are winning orders both nationally and from overseas and this can only mean that the employment opportunities will grow and grow over the next few years.”
Coun Davie believes the county council can continue to support the improving economic outlook by helping businesses take advantage of ‘technological opportunities of the digital age’ and to make the most of the financial schemes available in the county.
“There are many multi-partner conversations going on about how we can grow the Lincolnshire economy at the moment which can only help what has been achieved so far,” he added.
Nationally, the unemployment rate has also reached its lowest level since January 2009, at 3.3 per cent.
The Prime Minister David Cameron said the figures indicated that Britain was ‘turning a corner’ with regards unemployment and the economy.
The measure of unemployment used by the ONS refers to ‘unemployment claimants’ - eligible people of working age claiming JSA. It excludes large groups of people who may consider themselves to be unemployed and looking for work, such as partners of JSA claimants.
The International Labour Organisation definition, used by some statisticians, tends to produce higher figures as it includes all those who are out of work, available to start work and actively looking for a job.
If you are looking for work, the Standard’s newspaper group is hosting a ‘Virtual Career Fair’ this week. Visit here for details.