Unemployment in Haverhill has fallen to its lowest level since December 2008, with the number of jobless almost halving since the 2009 peak.
The only measure of unemployment available at a local level in Haverhill is the claimant count which records the number of people claiming Jobseeker’s Allowance (JSA) .
The most recent data from March shows this is 2.8 per cent. During the recession unemployment peaked in Haverhill in May 2009 with a rate of 4.9 per cent.
Haverhill’s claimant count is lower than the average rate for the UK which currently stands at 2.9 per cent.
Haverhill’s unemployment rate has also fallen faster than the national average.
Since May 2009 unemployment in the UK has fallen by a quarter whilst in Haverhill it has fallen by nearly half.
These figures come at the same time as average earnings grow above inflation.
That means, for the first time since spring 2010, the increase in average wages exceeds the Consumer Price Index measure of inflation.
Matthew Hancock MP and skills minister said: “I am delighted to see unemployment rates falling again in Haverhill.
“Haverhill has really bounced back since the recession thanks to the town’s brilliant selection of businesses and the fantastic team at the Jobcentre helping local people find work.
“Last October I held a Jobs Fair in Haverhill and met some brilliant people and businesses that I’m so glad to see doing so well.
“There is still a long way to go with helping people back into work but these figures show we are moving in the right direction with real pay rising, lower income tax and a record number of jobs being created.
“There has also been a sharp fall in youth unemployment meaning our long term economic plan is creating a better future for everyone.”
For all the latest news see Thursday’s (May 1) Echo.