CBI comments on labour market statistics - Oct

Matthew Percival, CBI Director for People and Skills, said:

“These figures are starting to show what everybody knew to be true; that redundancies are on the rise. While it’s promising to have seen vacancies pick up over the summer, the number of those out of work also grows.

“The Government’s flexibility and support packages have reduced job losses substantially over the summer and making support match tiered local lockdowns will protect jobs too.

“Successfully ramping up the testing regime will be a key component to securing an economic recovery down the road.”