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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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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.

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