Secretary of State for Wales Cheryl Gillan has welcomed the latest employment statistics, but warned there is still "a long way to go" to improve challenging economic conditions.
Wales is not immune to the uncertainties caused by the eurozone and what is essentially a complex and challenging labour market at the moment.
The unemployment rate in Wales continues to be an indicator that we must strive to do better, to work together as two Governments to create the right conditions for growth so that Wales can attract the investment and prosperity it needs.
Latest figures from the Office of National Statistics have revealed that Wales has seen the number of people out of work fall by 2,000 between February and April 2012. Unemployment was at 132,000, but with 17,000 more people out of work when compared with the same 3 month period last year.
Any fall in unemployment is very welcome but I remain cautious over the next few months given the continuing economic challenges we face.
The latest unemployment figures are due out later today. Last month, they showed the number of people in Wales out of work rose slightly, to reach a hundred and thirty four thousand, in the three months to the end of January. The unemployment rate is higher in Wales than across the UK as a whole.