Unemployment fell by 132,000 between April and June to 2.08 million, official figures showed today.
The number of people claiming Jobseeker's Allowance also fell by 33,600 to 1.01 million last month.
The fall in youth unemployment was the biggest since records began with the number of 16-24-year-olds out of work decreasing by 102,000 between April and June to 767,000.
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Five people were killed and dozens more were injured after a car and knife attack in the capital on Wednesday afternoon.
Among those expected to attend the ceremony will be former US President Bill Clinton and ex-Northern Ireland first minister Peter Robinson.
Five people have been killed and 40 injured after a car and knife attack in London on Wednesday.