14 December 2016

  |  CBI Press Team

News

Our comments on labour market statistics

The latest ONS labour market data for the three months to October 2016 showed that employment fell by 6,000 and unemployment fell by 16,000.

Our comments on labour market statistics

Rachel Smith, CBI Principal Labour Market Adviser, said:

“We see a mixed picture from the labour market over the last three months, with employment levels remaining more or less the same and unemployment seeing a slight drop.

“Although wage growth has gone up somewhat, so has inflation, hitting workers’ pay packets in real terms. Boosting productivity in every region and nation of the UK will be essential if firms are to further raise wages sustainably for their employees.”