11 December 2018

  |  CBI Press Team

News

Our response to labour market statistics

Labour market statistics for August 2018 to October 2018 show employment increased by 79,000 compared with the previous quarter, while unemployment rose by 20,000.                                                         

Our response to labour market statistics

Matthew Percival, CBI Head of Employment, said:

“A record employment rate and a rising number of jobs that can’t be filled are further signs that the labour market is tightening and that employers are finding it increasingly difficult to hire the people they need.

“While pay growth is improving at its fastest and most sustained rate in a decade, this is still slower than the UK has achieved in the past.

“Building on this requires stronger and more sustained productivity growth, not the fits and starts we’ve seen. There has been progress since the launch of the industrial strategy a year ago, but the government needs to focus more on providing a compelling vision for the coming years and tangible outcomes in each region.”