More people in work but job creation rate slows - CBI
The CBI today commented on the latest official labour market data, which show that employment rose by 100,000 in the three months to September and unemployment fell by 49,000.
Youth unemployment remains a huge challenge, with the number of unemployed young people standing at 963,000 in the three months to September.
Neil Carberry, CBI Director for Employment and Skills, said:
"It’s encouraging that people are continuing to find jobs and that the unemployment rate is falling. But progress on getting people into work is much slower than we saw earlier in the year, and last month there was a troubling rise in the number of people claiming Jobseeker’s Allowance.
“Youth unemployment remains a concern despite the recent fall in overall numbers. Our focus should be on helping young people build the skills and aptitudes needed to get on in life and work.”
Notes to Editors:
1. Later today the CBI will publish its November CBI/ManpowerGroup Labour Market Update. The update will be available here. If you would like to subscribe to these updates by email, contact Jenny House at firstname.lastname@example.org
2. The CBI will publish a major new report on raising ambition for all in schools next week.