Ninety-three more people from Bermondsey and Old Southwark found work between April and May this year, official figures released this week show.
The overall number of unemployed claimants is now 936 lower than in May 2013 in Bermondsey and Old Southwark, down by almost a quarter in the last 12 months to 3,328.
These figures are replicated across London, with a fall of 57,303 in the number of unemployed claimants, just over a quarter down on last year.
The positive figures rubbish Labour claims that Coalition policies would lead to high levels of joblessness and are a ringing endorsement of the tough decisions the Liberal Democrats have had to make in Government.
Simon Hughes MP, said:
“These figures show that employment in Bermondsey and Old Southwark is bouncing back.
“The Liberal Democrats in Government are helping local businesses grow and giving them the confidence to employ more people.
“These figures show that we are helping to build a fairer society and stronger economy.
“Most encouragingly the number of people aged between 18 and 24 who are out of work is also down by almost a quarter in the last year in Bermondsey and Old Southwark.
“Making sure that young people are able to get themselves into work, either through apprenticeships or other initiatives, has been one of the key Liberal Democrat achievements in Government.”
The number of unemployed claimants in Bermondsey and Old Southwark constituency in May 2014 was 3,328. This represents a rate of 4.4 per cent of the economically active population aged 16 to 64.
The number of claimants is 936 lower than in May 2013 and 93 lower than in April 2014. This data is not seasonally adjusted.
Across London the total number of JSA claimants has fallen by 57,303 on an annual basis, down 26.9 per cent.
The figures, released by the Office of National Statistics this week (Wednesday), are echoed across the country.
They show that under the Coalition Government, more than two million jobs have been created in the private sector since 2010.
It brings the total number of people in work to over 30.5 million for the first time. Between February and April 2014 employment increased by a record-breaking 345,000.
Youth unemployment fell yet again - down by 59,000 in the three months.
The number of people claiming Jobseeker’s Allowance fell by 27,400 between April 2014 and May 2014, hitting the lowest level since October 2008.