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.
Chancellor George Osborne said that new jobs mean families are "more secure" after the Office for National Statistics announced unemployment fell by a rate of 7.1%.
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.