Oral Answers to Questions Debate
Full Debate: Read Full DebateLord Wharton of Yarm
Main Page: Lord Wharton of Yarm (Conservative - Life peer)Department Debates - View all Lord Wharton of Yarm's debates with the Department for Work and Pensions
(11 years, 9 months ago)
Commons Chamber11. What assessment he has made of recent trends in unemployment.
13. What assessment he has made of recent trends in unemployment.
Unemployment has been falling in each of the last 11 months; on the International Labour Organisation measure it is down by 156,000. The unemployment rate is now lower than it was in 2010. This is testament to the strength of the private sector, which has created 1 million net new jobs since May 2010.
In Stockton South youth unemployment has fallen from 11.3% to 9.6% January to January. This is a welcome trend, but I would like it to go further. What are the Government doing to ensure that it can continue over the coming year?
I am delighted to welcome the news of what is happening in Stockton South. That is in contrast to what has happened in Jarrow, but it demonstrates the resilience of the economy in the north-east. The fact that 40,000 extra private sector jobs have been created in the north-east over the past couple of years demonstrates that while there are difficult challenges, the economy is rebalancing, and that should be to the benefit of everyone there.