The latest labour market figures which have been unveiled for Banbury show employment rates remaining at a record high.
The Office of National Statistics (ONS) released the latest Labour Market Statistics (LMS) on Wednesday last week which show that nationally the employment rate remains at a record 74.1 per cent.
Closer to home, the picture for the Banbury area is also positive with the number of people claiming Job Seeker’s Allowance (JSA) or Universal Credit (UC) falling by 17.5 per cent from 485 in March 2015 to just 400 in March 2016 – 0.5 per cent unemployed compared to 1.1 per cent in the south east and 1.9 per cent nationally.
For 18-to-24-year-olds, the number of people claiming JSA or UC has also fallen from 210 in 2014 to 135 in 2015 and 110 in 2016.
Regionally, in the south east, the claimant count has fallen by 5,500 in the past year.
The employment rate is at 77.9 per cent in the region.
Charlie Turrell, employer account manager for Banbury at the Department for Work and Pensions said Banbury’s Jobcentre was proud of the fall in unemployment locally and how they compared to national figures.
She said: “The Jobcentre has been working with employers and other organisations to get them to come to the centre and use our facilities.
“When anyone comes into the centre, we want to have a service we can offer them.
“We had employers from Gateway in the centre and they also did their recruitment through us.”
Services include training and free courses on how to apply for jobs and write CVs.