As Employment Minister, I'm really delighted to see the latest figures showing unemployment levels are falling, while job vacancies have hit 1 million, the highest since records began, and are continuing to rise! Furthermore, the number of people on payrolls rising by 241,000 in August - the biggest monthly increase on record, with payroll levels nationwide returning to pre-pandemic levels. One of this Government's priorities has been to revive the jobs market and give people opportunities to get on the employment ladder, while supporting businesses to grow and recover after the last 18 months, and these latest figures show we are succeeding.
That is why these latest figures come as such a welcome news, after we've invested over £400 billion to protect lives and livelihoods. They show our plan is working. Unemployment is down to 4.6 per cent, job vacancies are continuing to rise, and the number of employees on payroll is back up to pre Covid levels.
We launched our Plan for Jobs back in July 2020, when the impact of Covid-19 was being sorely felt across society, and to see the progress we've made over the past year to reach this point is really encouraging to see, and gives me even more confidence that we are on the right track towards emerging out of this pandemic with a stronger, more resilient economy, and an upskilled, working population. We have always believed that work is the best route out of poverty, and I am committed to supporting people in Mid Sussex and the UK into new, exciting roles through my position in Westminster and Government.
For context, our unemployment rate is lower than the US, Canada, France, Italy, Spain and Australia, while GDP is also recovering and the IMF forecasts the UK will have the highest growth rate among the G7 economies this year!
Through our Plan for Jobs we will continue supporting people into work, ensuring they get the skills they need to get good jobs and helping businesses fill their vacancies to get our economy moving.
To view the latest statistics, please visit https://www.ons.gov.uk/releases/labourmarketstatisticstimeseriesseptember2021
For more detail, please visit the Government's updated page on this https://www.gov.uk/government/news/plan-for-jobs-in-action-hundreds-of-thousands-of-jobs-supported-in-record-650-billion-infrastructure-investment