Unemployment falls by 0.5 %

Government figures released last week showed there were 42,000 fewer people unemployed in the East Midlands in the three months to November 2013 than in the same period of 2012.

The number of Jobseekers’ Allowance (JSA) claimants in Derby and Derbyshire also fell by 282 in December 2013, meaning there were 6,576 fewer claimants than there were in December 2012. Amber Valley has reported 3,700 people unemployed - a figure of 5.5 per cent. Nationally, unemployment fell by 0.5 per cent to 7.1 per cent, or 2.32 million people. DNLCC Chief Executive George Cowcher said: “These figures are once again positive and provide further evidence that the economy has turned a corner, the recovery is strengthening and business confidence is improving.”

But shadow treasury minister Cathy Jamieson insists real annual wages have fallen by £1,600 since 2010 and says that “families are on average £891 worse off as a result of tax and benefit changes since 2010”.