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Unemployment falls by 82,000

Unemployment fell by 82,000 between August and October to 2.51 million, official figures showed today.

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Small rise in youth unemployment

The Office for National Statistics (ONS) has said that youth unemployment rose marginally in the third quarter of 2012, with the employment rate for those aged from 16 to 64 was 71.2%, up 0.1 on May to July 2012 and up 0.9 on a year earlier.

The ONS said there were 29.60 million people in employment aged 16 and over, up 40,000 on May to July 2012 and up 499,000 on a year earlier.

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