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CBI: Decent employment growth but pay lagging inflation - ONS

The latest labour market statistics for February 2017 to April 2017 showed a 109,000 rise in employment and 50,000 fall in unemployment.

Decent employment growth but pay lagging inflation - ONS

Neil Carberry, CBI Director of Employment and Skills, said:

“Decent employment growth remains an encouraging feature of the UK economy, underlining the importance of maintaining a flexible and fair labour market.

“But weak pay growth, against the backdrop of rising inflation, means that people’s pay packets won’t stretch as far, which is already hitting living standards.

“Therefore politicians need to put the economy front and centre, create stability and ensure the EU negotiations get off to a positive start. In the longer term, we must fix the foundations of our economy by improving productivity growth through meaningful progress on a modern industrial strategy, with real change on the ground in skills, infrastructure and innovation.”

 

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