Unemployment figures welcomed by local MEP

Independent North East MEP Jonathan Arnott has welcomed today’s news that unemployment in the region has fallen:

“Figures show that unemployment in the North East fell by a further 3,000 to 56,000 between May and July. This is fantastic news for the North East economy, showing that we are finally beginning to catch up with the rest of the country.

“Whilst the rate of 4.4% remains above the UK average, it has fallen dramatically over the last two years and is now below other areas including the North West.

“Until fairly recently, the North East had by far the highest unemployment figures in the UK and it is positive news that the trend of improvement in the North East is continuing.”, said Mr Arnott, Independent Euro-MP.

“These figures prove that claims by Remainers that mass unemployment would immediately follow the referendum result were false. It is turning out to be the opposite; as we correctly predicted a couple of years ago, the lower pound has provided a boost to manufacturing in our region.

“Further good news is that wages are now rising faster than inflation. Of course, there is no room for complacency as there are still concerns about too many people having little choice but to accept casual and zero-hours contracts; job security matters too and that must not be overlooked,” said Mr Arnott.