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Unemployment falls by 50,000

Unemployment fell by 50,000 between June and August to 2.53 million, official figures released today showed.

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PM claims Britain 'can be a winner' in the global race

Prime Minister David Cameron speaking in the House of Commons Credit: Press Association

Reacting on today's employment figures, Prime Minister David Cameron speaking at Prime Ministers questions said:

"We have to rebalance our economy because the state sector was too big, the private sector was too small.

"What's happened since the election is one million new private sector jobs, which more than makes up for the inevitable loss of jobs in the state sector.

"We've got a huge amount more to do to reform welfare, reform our schools, boost our private sector and Britain can be a winner in the global race."

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