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UK unemployment falls to 7.7%

The UK unemployment rate fell from 7.8 per cent to 7.7 per cent in the three months to May, according to the latest figures from the Office for National Statistics.

Between March and May, 26,000 more people found work, reducing the overall number of unemployed to 2.45m, or 7.7 per cent of the economically active population.

Despite the recovery in recent months, the number of people in employment is still 293,000 lower than the pre-recession peak of 29.8m.

The number of employees and self-employed people working part-time because they are unable to find full-time work reached 1.25m – the highest figure since records began in 1992, and an increase of 80,000 on the quarter.

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