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12 April 2017

  |  CBI Updates Team

Update

CBI/Pertemps Labour Market Update April 2017

Labour market strengthens, but pay growth remains a concern

 

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Read the CBI/Pertemps Labour Market Update April 2017

Data released today by the Office for National Statistics shows a labour market that is performing well, with the number of people in employment rising and those of out of work falling.

But for people in work pay growth remains a concern. After accounting for increases in the prices of goods and services, growth in regular pay (which excuses bonus payments) fell back for the third month in a row to the lowest level of growth since 2014.

A real pick up in productivity growth is needed if we are to see earnings head up, particularly as inflation is set to rise further in 2017.

 

 

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