Rising employment shows businesses regaining confidence to hire - CBI
The CBI today commented on the latest official labour market data, showing that employment rose by 53,000 in the three months to February, and that unemployment has fallen for the first time since May 2011, by 35,000.
Dr Neil Bentley, CBI Deputy Director-General, said:
“It’s good news that 53,000 more people are in work now than three months ago, which shows that the private sector is gradually regaining confidence to hire.
“While this is the best jobs news we’ve had in a year, the Government must step up its welfare reform programme. Worryingly, over a third of those unemployed have been out of work for more than 12 months.
“With youth jobless numbers still stubbornly high, helping young people find jobs must remain a joint priority for businesses and government.”
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.