Unemployment falls by 132,000 between April and June

Unemployment fell by 132,000 between April and June to 2.08 million, official figures showed today.

The Bank of England today also upgraded its growth forecast for the UK this year from 3.4% to 3.5% and for next year from 2.9% to 3%.

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Labour: Fall in average earnings is 'extremely worrying'

Figures showing a fall in average earnings is "extremely worrying", Labour said as it criticised the government as "out of touch".

The number of people out of work fell by 132,000 between April and June, but salaries decreased by 0.2% in the year to June.

While today's fall in overall unemployment is welcome, it's extremely worrying that the figures have shown pay falling far behind inflation, and the change in regular pay being the lowest ever on record.

Millions of working people face a cost-of-living crisis which has left them over £1,600 worse off since 2010.

For Iain Duncan Smith to claim that people are 'better off' in the face of these figures shows just how out of touch this Government is.

– Shadow employment minister Stephen Timms

Duncan Smith: Long-term economic plan is working

Work and Pensions Secretary Iain Duncan Smith said the government's long-term economic plan is working after new figures revealed a fall in unemployment.

Iain Duncan Smith speaking to ITV News. Credit: ITV News

"The long-term economic plan is working. It's not over yet but we've seen the biggest fall in overall unemployment for 25 years and the biggest fall in youth unemployment for some 30 years," the minister told ITV News.

He said it was a "personal story of success" for those who had emerged from the "worst recession in living memory" with jobs.

Mr Duncan Smith said the figures showed welfare reforms were helping to "break the cycle" of welfare dependency and unemployment.

PM hails fall in unemployment as 'very good news'

David Cameron hailed the latest employment figures as "very good news" as new figures showed unemployment had fallen by 132,000 between April and June.

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Drop in salaries shows it's too soon to raise interest rates

As the Bank of England Governor was preparing to give his update on the U.K. economy, new stats dropped onto his mahogany table.

Unemployment is down - but so are wages.

The drop in average salaries over the year to June will be a stark warning to the Governor that it's too soon to raise interest rates.

If it were to happen now too many households would drop into unsustainable debt.

Alexander: Economic recovery is gaining momentum

Figures showing a fall in unemployment shows Britain's economic recovery is "continuing to gain momentum", the Chief Secretary to the Treasury Danny Alexander said.

Chief Secretary to the Treasury, Danny Alexander. Credit: PA Wire

"With record numbers in work and the claimant count falling, these figures show that our economic recovery is continuing to gain momentum," Mr Alexander said.

"It's further proof that our Liberal Democrat tax cuts for working people, support for apprenticeships and our determination to tackle the deficit fairly are working - and so is the country.

"There is still a long way to go, but this is solid progress and the significant fall in youth employment is particularly encouraging and welcome."

Unemployment falls by 132,000 between April and June

Unemployment fell by 132,000 between April and June to 2.08 million, official figures showed today.

Unemployment figures have fallen again. Credit: PA Wire

The number of people claiming Jobseeker's Allowance also fell by 33,600 to 1.01 million last month.

The fall in youth unemployment was the biggest since records began with the number of 16-24-year-olds out of work decreasing by 102,000 between April and June to 767,000.

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