Unemployment drops to 7.7%

Unemployment has dropped by 0.1% to 7.7% between May and July. The Bank of England said interest rates are unlikely to be raised before it falls to 7%. But the number of part-time workers has risen to a record 1.45 million.

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Labour: Another worrying rise in youth unemployment

The aide to shadow chancellor Ed Balls, Alex Belardinelli, has given a cautious welcome to the fall in unemployment:

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