16 August 2017

  |  CBI Press Team

Press release

Strong employment growth tainted by falling real wages

The CBI has responded to the latest ONS data on the UK labour market. 

Strong employment growth tainted by falling real wages

Labour market statistics for April 2017 to June 2017 showed a 125,000 rise in employment and 57,000 fall in unemployment.

Matthew Percival, CBI Head of Employment, said:

“Continuing strong employment growth is tainted by falling real wages, reducing household spending power.

“Separate figures confirm that productivity has been falling throughout 2017 – this matters as rising productivity is the only sustainable route to higher wages and better living standards.

“It’s therefore incumbent upon the Government to work with businesses to protect the UK’s flexible labour market, and design an industrial strategy that will drive productivity and wage growth.”