Unemployment in Northampton is at its lowest level for five years, figures released this morning have revealed.
There were 4,200 people claiming jobseeker’s allowance in Northampton last month, the lowest number since November 2008, when 3,903 people were out of work.
It is the eighth consecutive month that unemployment in the town has fallen, and the latest figure is 1,874 lower the year’s highest point, in March, when 6,074 people were claiming.
There were 400 fewer people claiming in November than in October, which equates to to three per cent of the population being out of work. This is slightly above the regional average of 2.7 per cent, and the national average of 2.9 per cent.
Nationally, more than 30 million people are now in work in the UK, including an extra 54,000 people in the East Midlands compared with three months ago.
Paul Griffiths, chief executive of Northamptonshire Chamber, said: “The figures highlight the fact that companies are becoming more confident about growth investment, resulting in job creation and wealth and is a reflection of what businesses have told us in our own quarterly economic survey – companies in both the service and manufacturing sectors are planning to recruit further.
“None of the manufacturing respondents had reduced their workforce in the third quarter with 50 per cent expecting their workforce to increase over the coming three months.
“This shows businesses are optimistic about the future which will go some way to helping the revival of the UK economy.”
Sajeeda Rose, deputy CEO of Northamptonshire Enterprise Partnership, said: “Northamptonshire’s economy, businesses and workforce are thriving, and supporting the continued improvement in employment figures is central to this.
“In 2013 we have seen an extra 2,200 new jobs created in the county, alongside a significant reduction in the number of people looking for work, which has reduced by more than 3,700 during the year.”