CBI comments on latest official labour market data
The CBI today commented on the latest ONS labour market data for the three months to July, showing that employment increased by 74,000 to 30.6 million.
Neil Carberry, CBI Director for Employment & Skills, said:
“The fact that unemployment is lower now than at any time since late 2008 is good news. There is more to do, but it's clear that our growing economy is feeding through to new jobs.
"Jobs growth is coming from the private sector, more than making up for public sector job losses, and more young people are finding their feet in our labour market.
"With unemployment dropping, and wage settlements in larger firms starting to pick up, we expect to see average earnings growth begin to rise in time."
The CBI recently published a report on how business, the Government and schools can support young people to find their way into work, delivering the careers advice, options and networks they need – Future possible.