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Progress slows, but signs of recovery remain strong.
Our latest report in partnership with CBI shows that last month employment rose at the fastest pace since records began in 1971, so it is no surprise that today’s labour market data is somewhat less strong. However, employment continues to rise, in particularly full‐time employment, and unemployment on both the ILO and Claimant Count measure continue to fall. The youth unemployment rate stands at its lowest level in almost three years, redundancies are down and vacancies continue to rise. Most importantly wage growth has picked up a little, particularly in the private sector ‐ together with the fall in inflation a welcome relief for pressed household budgets.
This continuing trend will also impact on the competition for talent within the Logsitics and Supply Chain Management sector as per my previous blog: Logistics Investment Sparks Competition for Talent
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