UK unemployment fell by 99,000 in the three months to October, with 2.39 million now out of work, official figures show.
The unemployment rate fell to 7.4%, the Office for National Statistics (ONS) said.
This is its lowest rate since the February-to-April period in 2009, the ONS said.
This compares with a figure of 7.6% for the three months to September, and is below the rate analysts had expected.
The ONS data also showed that the number of people claiming Jobseeker's Allowance in November fell by 36,700 to 1.27 million.
The Bank of England has said it will not consider raising interest rates from their record low of 0.5% until the unemployment rate falls to 7%.
But even then, governor Mark Carney has said an interest rate increase is not guaranteed.
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