Unemployment rate falls by 4.2%!

Unemployment figures for our region fell by 9,000 in the three months to January, official figures revealed recently.

The Office for National Statistics (ONS) showed that a total of 207,000 people were unemployed in the region between November and January.

The region’s unemployment rate was 6.6% and saw a fall of 4.2% during the period. The worst area in the UK was the North East which recorded a 3,000 increase in the number of people without a job.

The jobless total jumped by 7,000 to 2.52 million, ending a run of reductions, with all the increase caused by more 18 to 24-year-olds becoming unemployed.

Milton Keynes

Interestingly, the number of people claiming jobseekers allowance in Milton Keynes rose by 514 claimants to a rate of 3.6% between January and February 2013. This compares to a rate of 4.1% in February 2012. The MK unemployment rate is higher than the South East rate of 2.6%, and lower than the United Kingdom rate of 3.9%.

MK February 2013:

  • Male: 3,862
  • Female: 2,127
  • Total: 5,989 (3.6%)

Statistics are invaluable but they can also muddy the waters somewhat.   When you bear in mind that Milton Keynes’ workforce population is 148,670 the amount of people unemployed is minimal.

With companies like Red Bull Racing, Network Rail, the ICAEW, Volkswagen and Mercedes all basing their Head Offices here, it’s no wonder that over 80% of employees in MK love their job!

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