Uk distribution premises happy to see Bristol unemployment fall

Central Park Bristol, the UK distribution premises available to let, is happy to see that the number of people claiming jobseekers’ allowance in the Bristol area has fallen by more than 500 in the past month, new figures have revealed.

Figures released by the Office for National Statistics show that 547 fewer people were claiming out of work benefits in the Bristol area in November than in October. In the city of Bristol, 9,427 people claimed the benefit in November – 282 fewer claimants than in October, the figures show.

Kingswood MP Chris Skidmore’s constituency experienced a fall in the number of people claiming out of work benefits, from 1,037 to 990 in the past month – a drop of 47 claims. The Conservative MP said: “I’m delighted that the number of unemployment claims has gone below a thousand for the first time, and over 400 fewer claimants than in May 2010. There is still more to do, however, which is why I will be continuing my Jobs Fairs in Kingswood, with another Jobs Fair in Warmley in February.”

The ONS said that nationally unemployment in the three months to October was 2.39 million, or 7.4% of the working age population – down from 7.6% in the three months to September.

Under the Bank of England’s policy of forward guidance, governor Mark Carney promised that borrowing costs would remain on hold at least until unemployment has fallen below 7 per cent. When the policy was announced in August, the Bank’s monetary policy committee expected that to take three years; but its latest prediction is that this could be as soon as 2015.

The number of people out of work fell by 99,000 to 2.39 million in the three months to October, the ONS said. The number of people claiming Jobseeker’s Allowance in November fell by 36,700 to 1.27 million. Prime Minister David Cameron told MPs the figures showed that “the plan is working”.

Mr Cameron said: “There should not be one ounce of complacency because we have still got work to do to get our country back to work and everyone back in work means greater stability for them, greater ability to plan for their future, greater help for their families. But the plan is working, let’s stick at it, and get unemployment down even further.”

Source: Bristol Post