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Unemployment drops by 125,000 in UK

MORE PEOPLE appear to be in work after the latest estimates suggested that those without jobs fell by 125,000 in the UK during the three months to last December.

It means the unemployment rate is 7.2 per cent, while a total of 2.34 million people still remain out of work.

The figures also point out that 193,000 more people had a job between October and December in 2013, in comparison to the previous quarter of the year.

Those seeking a jobseeker’s allowance fell in January by 72,600 to 1.22 million.

The Office of National Statistics (ONS) said the figures reveal the rate of unemployment is slowing.

Senior labour statistician at the ONS, Nick Palmer, said: “The main conclusion that should be drawn from these latest figures is that the rate at which unemployment has been falling is likely to have slowed down.”

The government is likely to claim the fall in unemployment is proof that their economic plan is working, while Labour maintain that living standards and cost of living has not improved.

Long-term and youth unemployment also have slightly fallen, but those classified as economically inactive has remained constant with almost nine million.

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