The news of figures showing there is a decline in unemployment is better news for the region. Car Hire Manchester Airport would like to see this figure continue to drop in the run up to Christmas and after the new year.
The latest figures for unemployment showed that in Manchester, the number of people claiming Jobseeker’s Allowance fell with 3,300 less people claiming for the month of October. For the North West region it was 1,000, according to figures from the Office for National Statistics.
Youth unemployment also saw a drop in the number of claimants with a fall of 1,200 people to around 17,900.
Baron Frankal, director of economic strategy at Manchester think tank New Economy, said “Whilst the ongoing decline in Greater Manchester’s JSA claimants is positive news, it is likely that some of this is a result of people moving onto the new Universal Credit system. So although claimants are shown to be decreasing, this might not be as pronounced as the figures first suggest. We should also consider the rise in temporary seasonal jobs – particularly in retail – between now and January, which will add a short boost to the JSA decline.”
On a national level unemployment fell by 48,000 in the period to 2.47 million. The total number of people in work has reached a record high of approximately 30 million, but nearly half are working part-time because of the difficulty of getting a full-time job.