CBI responds to latest labour market stats

Commenting on the latest labour market statistics, Matthew Percival, the CBI’s Director for People and Skills, said:

“The continued evidence of younger and older workers returning to employment is welcome news. There are early signs of softening in the labour market, but many businesses are still struggling to hire and record pay growth is not yet easing the cost of living crisis.”

“The Government needs to pull every lever to ease shortages and strengthen the case for the business investment that is needed to drive growth and living standards. This means helping more people to overcome the barriers like the cost and availability of childcare or ill-health that are preventing them from working, and updating the Shortage Occupations List.“