Unemployment fell to just 6 per cent in September as 115,000 more people found work in the last three months.
Office for National Statistics data, published today, shows unemployment has fallen to 1.96 million.
In the last year, 589,000 more people have found work as the jobless rate has plummeted from 7.6 per cent last September to just 6 per cent this year.
In addition, wages excluding bonuses grew 1.3 per cent in September compared to a year earlier, outstripping inflation for the first time in five years.
Last year, the Bank of England set a 7 per cent unemployment level as one of the triggers for an interest rate rise but quickly abandoned its plans.
Bank economists have cooled talk of any rate rise in the coming months due to economic problems in the eurozone and low inflation.