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Unemployment drops by 121,000 to 2.12 million

Unemployment fell by 121,000 to 2.12 million between March and May, official figures published by the ONS showed today. Figures also revealed that overall pay - including bonuses - climbed by just 0.3% compared with the three months to May in 2013, which is the lowest increase since the financial crisis in 2009.

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Cable: Focus now on driving skills and innovation

The new Cabinet has been given some positive news on the jobs front with latest figures showing record employment and a big fall in the number of people out of work.

Vince Cable said it is a "very positive story" and the figures were "remarkable" with more than one million new jobs in the last year.

Unemployment fell by 121,000 to 2.12 million between March and May, according to the Office for National Statistics.

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