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UK unemployment falls by 63,000 to 2.33 million | |
(35 minutes later) | |
The number of people out of work in the UK fell by 63,000 to 2.33 million in the three months to January 2014, according to official figures. | |
The unemployment rate now stands at 7.2% of the population, down from 7.4% in the previous three months, said the Office for National Statistics. | |
The number of people in employment rose to a record total of 30.19 million. | |
Average earnings also increased, with earnings in the three months to January up 1.4% from a year earlier. | |
The number of unemployed young people (aged 16 to 24) stood at 912,000 in the three months to January, a drop of 29,000 from the previous three months. | |
In February, the number of people claiming Jobseeker's Allowance fell by 34,600 to 1.175 million. Over the course of a year, the number has dropped by 363,200. |