CBI COMMENTS ON LATEST LABOUR MARKET STATISTICS
The CBI commented on the latest ONS labour market data for the three months to April 2015, showing that unemployment fell by 43,000 to 1.8 million.
Neil Carberry, CBI Director for Employment and Skills, said: “These figures provide more evidence that the wage squeeze has eased, with private sector pay increasing almost as fast as it was before the crisis. At the same time, firms are creating more jobs.
“If we are to deliver sustainable higher wage growth, we need to see a rise in productivity. That means businesses investing in skills, and the Government helping firms innovate by supporting investment in next month’s Budget.
“These figures are testament to the strength of our flexible labour market, which has helped British firms create a strong number of permanent full-time jobs.”