CBI responds to latest ONS labour market statistics

16 Feb 2017 12:15 PM

The ONS labour market statistics for October to December 2016 show a 37,000 rise in employment and a 7,000 fall in unemployment.

Rachel Smith, CBI Principal Labour Market Economist, said:

“Pay growth remains stubbornly sluggish, which is a concern given rising inflation. “There are tentative signs that productivity is picking up, but there is further to go before it can underpin faster wage growth.

“Companies will be looking to the Budget to see adjustments to business rates along with measures to boost educational performance, helping firms to drive faster productivity growth.”