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CBI Response To Latest Labour Market Statistics
The CBI responded to the latest ONS labour market statistics for December 2016 to February 2017, which showed a 39,000 rise in employment and 45,000 fall in unemployment.

Rachel Smith, CBI Principal Labour Market Economist, said:

"It's good to see more people in work, and with the level of vacancies the highest on record, access to the right skills remains a key challenge.

"With inflation rising, real pay growth has fallen back for the third month in a row now. This remains a concern, so it's vital that productivity increases if we are to see earnings head up.

"Developing a modern industrial strategy, making the most of a skilled workforce that delivers across the UK, will be key to helping firms give productivity a meaningful boost."

CBI Response To Latest Labour Market Statistics, 12th April 2017, 16:53 PM