Unemployment fell by 167,000 between September and November to 2.32 million, a rate of 7.1%, official figures showed. It is close to the 7% figure at which the Bank of England has said it will consider raising interest rates.
Chief Secretary to the Treasury Danny Alexander has said that the rise in quarterly employment is the "largest since records began".
Unemployment fell by 167,000 between September and November to 2.32 million, a rate of 7.1%, official figures showed.
So will interest rates rise? That’s the obvious question after the unemployment rate dropped even faster than economists were expecting.