The latest jobless figures are due out later.
Last month unemployment in Wales fell by 1,000 thousand to 120,000 thousand.
Employment rose by 11,000.
Unemployment has fallen Wales, according to the latest figures, down by 1,000 to 120,000 over the past quarter.
Employment has risen by 11,000 in the same period.
The figures also show that the number of people economically inactive in Wales has fallen by 3,000 over the past three months.
A spokesperson for the Welsh Government said:
"These figures reflect our ongoing commitment to support businesses in Wales. Just last week we announced a programme of capital investment to create 11,000 jobs over three years.
Secretary of State for Wales, David Jones said:
“Another month of improved employment statistics shows that this Government is setting the conditions for growth, and that we are beginning to see the benefits in Wales.
If you have been unemployed for a long time, the last thing you might feel like doing is setting up your own business. But that is what some of those out of work in Wales are now doing, as part of a government scheme.
Hayley Thomas from Haverfordwest started a children's play centre after she was made redundant. Lorna Prichard has more.
Unemployment in Wales fell between May and July, according to official figures published this morning.
There were 118,000 people out of work - a rate of 8.0 per cent.
The unemployment rate is still slightly higher in Wales than the 7.7 per cent for the UK as a whole.
The latest unemployment figures are due to be released by the Office for National Statistics later this morning.
Last month's figures revealed unemployment had risen in Wales, increasing by a thousand to 122,000 in the three months to June - a rate of 8.2 per cent.
But across the UK unemployment had fallen, standing at 2.5 million (7.8 per cent).
Unemployment has risen in Wales.
In the three months to June it increased by a thousand to 1 hundred and 22 thousand. That's a rate of 8 point 2 percent.
Across the UK it stands at 2 and a half million.
The event will be hosted by Welsh Secretary, David Jones and will feature young people sharing their own experiences of seeking employment.
Businesses including major Welsh employer, Airbus, will be asked to sign a pledge to raise awareness to help support young people into work.
Latest figures show unemployment's stayed the same in Wales at 125,000 in the 3 months to the end of April.
That's a rate of 8.4%.
The latest jobless figures are released this morning.
Last month's revealed unemployment in Wales had fallen by 6,000 to 121,000.
Unemployment has fallen in Wales between January and March, according to the latest official figures.
It's down by 6,000 to 121,000.
Across the UK unemployment increased by 15,000 to 2.52 million.