There are now 45,000 more people in work than there were a year ago in the East Midlands and more than 37,000 fewer people are unemployed, according to figures released this morning.

The Office for National Statistics issued its latest monthly regional employment bulletin earlier, which showed there were 2.225m people aged 16-64 in employment in the three months to March 2015, compared to 2.18m in the same period in 2014.

The number of unemployed people was 114,447, compared to 151,574 in 2014, meaning the regional unemployment rate currently stands at 5.1%, compared to the national rate of 5.5%.

The number of people in Derbyshire, Nottinghamshire and Leicestershire claiming Jobseekers’ Allowance (JSA) fell by 999 in April, meaning there were 16,595 fewer claimants across the area than there were a year ago.

The number of people in Chesterfield claiming the benefit stood at 1312, which is 616 lower than the figure announced in April 2014.

East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) has welcomed the figures.

George Cowcher, Chief Executive, said: “Today’s employment and claimant figures once again highlight how strong the East Midlands economy is at the moment, with businesses continuing to create jobs and drive the growth that is needed to fully rebalance the national economy.

“It’s also pleasing that earnings continue to increase and boost living standards – a focus on improving productivity from businesses will ensure this is sustainable.

“Businesses need a continued period of stability in order to deliver the growth and prosperity the country needs and the new Government has the opportunity to use its strengthened mandate to bring forward initiatives which will maintain and build upon the momentum the economy has built-up over the past two years.”

Businesses will welcome the stability and certainty that a majority Government can provide, according to the East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire).

The Chamber met with a number of its member businesses at a round table event earlier today to watch the final seats come in and get some initial business reaction to the results of yesterday’s ballot.

There was general agreement that a majority Government will be better for business than another coalition because of the additional certainty and stability it can provide.

There was also a common view that MPs from all parties should present a united view of the East Midlands to ensure the region does not miss out on vital resources and funding needed to support infrastructure investment and drive job creation and economic growth.

Chamber President Liz Fothergill CBE will write to the new cohort of MPs across Derbyshire, Nottinghamshire and Leicestershire to congratulate them on their election and share the Chamber’s business manifesto*, which outlines the top priorities for Chamber members. These include measures to:

• Place business at the centre of local growth
• Deliver on the UK’s long-term infrastructure needs
• Fix the link between education and the world of work
• Reduce the cost of doing business
• Support firms to succeed overseas

Chamber Chief Executive George Cowcher said: “The General Election ended with a clear result, perhaps unexpected, which will help to provide the stability and clarity that businesses need to move forward.

“The Conservative Government must now build on the economic progress that businesses here in the East Midlands have driven over the past five years. It needs to set the conditions to encourage a culture of entrepreneurism, where businesses can look to the rest of the world as a potential marketplace and where our young people leave school with the skills and qualities they need to set out on dynamic, rewarding careers.

“The Chamber is apolitical and has a proud track record of working constructively with its MPs locally and in Westminster to promote the needs of business and support growth for the East Midlands’ economy.

“Over the past five years, businesses in Derbyshire, Nottinghamshire and Leicestershire have demonstrated a robustness and tenacity that has marked the region out as a leader for UK growth. Over the course of the next Parliament, a number of key national and local issues will need to be addressed to ensure this growth can be balanced and secured for the long term.”