ANGELA Smith, MP for Basildon & East Thurrock, has hailed figures released today as showing employment has held up in the local area compared to the last recession of 1992.
Angela said: “Anyone who has ever lost their job will know how awful it is, and we have seen far too many redundancies recently. But these new figures show how stable the economy is compared to the last recession in 1992.
Both Basildon and Thurrock have half the level of unemployment today than they had then. It is tough now, but it was much worse then.
It proves that we must never be complacent about unemployment and do all that we can to help people stay in work and help companies to retain staff.
My role as the local MP is to encourage more investment into our areas, especially in skilled jobs and to support government action and investment in jobs.
We can come out of the current recession stronger than before, but only if we continue to take action to support employment.”
Unemployment in Basildon stood at 9.4% in 1992 (9,417) and in the latest figures for November 2009 stood at 4.2% (4,418).
Unemployment in Thurrock stood at 8.4% (6,878) in 1992 and in November was 4.2% (3,999)