Unemployment down to 2.6m but long-term jobless rises

18 July 2012 Last updated at 14:12 ET Help

Unemployment has fallen for the fourth month in a row, to just under 2.6 million, but the number of people out of work for more than two years has risen to a 15 year high.

And with forecasts for the economy still looking gloomy, the Chancellor, George Osborne, has announced a new financing deal aimed at boosting expenditure on big infrastructure projects.

The BBC's economics editor, Stephanie Flanders reports.

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