11 September 2018
Our response to labour market statistics
Labour market statistics for May 2018 to July 2018 show employment increased by 3,000 and unemployment decreased by 55,000.
Alpesh Paleja, CBI Principal Economist, said:
“While employment growth tailed off, much of this seems to be related to a rise in inactivity. Overall, the labour market remains tight, with unemployment still at its lowest since 1975.
“The flexibility of the UK’s labour market is a key strength of the economy, giving the UK a competitive edge on the world stage and allowing innovative businesses to grow and flourish.”