CBI responds to Labour Market Statistics

Labour market statistics for August 2017 to October 2017 showed a 56,000 fall in employment and 26,000 fall in unemployment. 

Matthew Percival, CBI Head of Employment, said:

“The number of people in employment has fallen, but the unemployment rate remains low and there are still opportunities for job seekers with vacancies at a record high.

“Pay growth is picking up a little, but rising inflation means that many people won’t feel the benefit yet. Raising productivity is key to turning this around.  Progress from business and government on the Industrial Strategy must help to raise living standards across all parts of the UK.”