The latest jobless figures are out today and are expected to show another fall across Wales.
Last month's figures showed it was down by 3 thousand to 94 thousand.
Across the UK unemployment was at its lowest for 8 years.
Carwyn Jones has welcomed the news that the unemployment rate in Wales is now below the UK average.
The First Minister says the latest figures are "clear evidence" for their success of Welsh Government policies.
Unemployment is now lower in Wales than the UK as a whole.
Youth unemployment is also below the UK average, with a dramatic 22.5 per cent reduction in the number of 16-17 year olds without work in Wales over the past 12 months compared to a drop of just 1.2 per cent in the rest of the UK.
These figures are clear evidence that our policies are ensuing our economic recovery is faster and stronger than in the rest of the UK.
The announcement by Pinewood Studios earlier this week shows that Wales is now seen as the default location for quality inward investment projects. We will continue to build on this success and continue to provide practical and effective support to grow businesses in Wales.
Regional unemployment fiugures between October and December were as follows:
- North East: 130,000 (minus 3,000) 10%
- North West: 277,000 (minus 6,000) 8.1%
- Yorkshire/Humber: 240,000 (minus 8,000) 8.6%
- East Midlands: 162,000 (minus 4,000) 6.9%
- West Midlands: 226,000 (minus 31,000) 8.3%
- East of England: 180,000 (minus 1,000) 5.7%
- London: 351,000 (minus 25,000) 8.1%
- South East: 233,000 (minus 37,000) 5.1%
- South West: 177,000 (plus 3,000) 6.5%
- Wales: 105,000 (minus 12,000) 7.1%
- Scotland: 195,000 (minus 3,000) 7.1%
- Northern Ireland: 64,000 (plus 1,000) 7.4%
The unemployment rate in Wales is now below the UK average.
While the jobless rate here has fallen from 7.2 per cent to 7.1 per cent - it has gone the other way for the UK as a whole, according to official figures released today.
In the final three months of 2013, 105,000 people were out of work in Wales - a drop of 12,000 from the previous three-month period.
More than one in five young people in Wales have experienced symptoms of mental illness as a direct result of unemployment, The Prince's Trust has warned.
Paul Brown, from The Prince's Trust, told ITV News: "Twenty one per cent of young people in Wales who've been unemployed say they've experienced at least one symptom of mental health or emotional well being.
"We need to reach out to these young people...and say there are things they can do to turn their lives around."
It's claimed more than one in five young people in Wales has experienced symptoms of mental illness as a direct result of unemployment.
The Prince's Trust research also says men are more likely to be affected than women.
Unemployment should be a "public health issue" after youth charity the Prince's Trust revealed the extent of mental illnesses among Britain's jobless youngsters.
Shirley Cramer, chief executive of the Royal Society for Public Health, commented:
This research proves that unemployment is a public health issue.
It is one that must be tackled urgently and it is essential that youth unemployment is added to the public health agenda.
Unemployed young people are struggling in many aspects of their lives, from their mental health and wellbeing to their relationships and their qualifications and we must act quickly to end this.
Unemployment in Wales has fallen by 7,000 in the three months to October and now stands at 7.4 per cent. That compares to a rate of 8 per cent in the three months to July.
The latest jobs figures also show that the level of employment rose by 1.5 per cent between the two quarters, the largest increase in the UK. The UK average level of employment rose by 0.4 per cent.
The latest unemployment figures will be published by the Office for National Statistics later this morning.
Last month the number fell by 4,000, meaning that 117,000 people were out of work - that's 7.8%.
In the UK, the number of unemployed people fell by 48,000 to 2.47 million.