Unemployment in Islington had risen as a result of the global economic crisis. But since October unemployment in Islington has fallen from a peak of 8,055 - less than half the unemployment rate of 1992.
Emily said:
"This news is to be greatly welcomed and shows that the work the Labour Government has being doing to tackle this recession is having results. For anyone who is unemployed these statistics will not bring much consolation, which is we why must continue to give people real help now to get back into work. The Tories may think that "unemployment is a price worth paying" to get out of recession. We believe there is another way."
The figures speak for themselves: in 1992 unemployment in Islington stood at 17,295; in the wake of the toughest financial crisis since the Great Depression unemployment is now at 7,892. That's a gap of more than 54%.
While Labour is investing £5 billion now to help people get back to work, George Osborne's plans would lead to unemployment reaching 5 million - double the current figure - according to Professor David Blanchflower, former member of the Monetary Policy Committee of the Bank of England.
By supporting people through the global economic crisis Labour has protected communities from the devastating effects of a recession, rather than leaving families prey to the kind of destitution seen under the last Conservative Government.
The guarantee of a place in education or training for young people has shown Labour's commitment to protect young people from becoming a ‘lost generation', without the skills or experience to work in the future.
Secretary of State for Work and Pensions Yvette Cooper, said:
"The jobs market is still tough for a lot of people, but the drop in unemployment and youth unemployment is very welcome. It means 450,000 fewer people are out of work than everyone expected last spring. The extra investment in jobs, education and training is making a real difference, helping people through the recession and preventing the kind of unemployment we saw in the eighties and nineties."
See Islington's monthly unemployment figures at:
https://www.nomisweb.co.uk/reports/lmp/la/2038431865/subreports/jsa_time_series/report.aspx
For a comparions of the present day and 1992, visit:
http://www.labour.org.uk/jobs-interactive-map
