Fylde MP Mark Menzies said he remains hopeful over the future of the local business community.
On hearing that private sector employment was at a record high, with 1.3m more in work than in May 2010, Mr Menzies said: “The number of people in work has hit record levels, unemployment is falling and the number of people claiming Jobseeker’s Allowance dropped by 29,000 last month.
“Obviously, there is still lots to do to help those who remain out of work, but these are encouraging signs – and a further indication the economy is moving from rescue to recovery.
“Let us be under no illusions, this Government inherited the highest structural budget deficit of any major economy in the world, the highest in our peacetime history.
“However, the plan ministers put in place is working. It has cut the deficit by a third in just three years and we have seen the fastest rate of new business creation for decades, something which has been reflected in these latest figures.
“I am in regular contact with key members of Fylde’s business community and while many acknowledge how tough times have been, they have worked hard to ensure their companies remain successful, a job which will hopefully become easier as the economy recovers.