CBI responds to Labour Market Statistics

Labour market statistics for March 2017 to May 2017 showed a 175,000 rise in employment and 64,000 fall in unemployment.

Anna Leach, CBI Head of Economic Intelligence, said: 

“These figures underline the strength of the UK’s flexible labour market, which was recognised in yesterday’s Taylor Review. But declining real pay and productivity remain concerning, reinforcing the imperative that any changes following the review support the economy’s ability to create great jobs.

“Making real progress on productivity growth requires a modern industrial strategy, with real change on the ground on skills, infrastructure and innovation.”