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UK unemployment falls by 63,000 UK unemployment falls by 63,000 to 2.33 million
(35 minutes later)
UK unemployment fell by 63,000 to 2.33 million in three months to January, with the jobless rate at 7.2%, official figures have shown. 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 Office for National Statistics also said the number of people in employment rose to 30.19 million. 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 claiming Jobseeker's Allowance fell by 34,600 in February to 1.17 million. The number of people in employment rose to a record total of 30.19 million.
Average earnings rose by 1.4% in the three months to January compared with the same period a year earlier. 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.