Are more people finding finance jobs in London?

Unemployment levels in the UK fell during the last three months to May, new figures have revealed.

In news that may be welcomed by Britons seeking finance jobs in London, data from the Office for National Statistics revealed that during this time, joblessness fell by 34,000 to 2.47 million.

This is the lowest rate recorded in a year, with the number of people in work rising during the three months to May by 160,000.

This is the biggest increase the office has recorded since August 2006, although the data was also driven by the growing number of individuals taking on part-time work.

Vicky Redwood of Capital Economics said: "We still doubt that private sector hiring will pick up strongly enough to offset the severe public sector job cuts."

Elsewhere, the Chartered Institute of Personnel and Development recently warned that if economic growth in the UK stands below 2.5 per cent annually, it could diminish jobs prospects.