Some positive news on the jobs market today as the Office for National Statistics (ONS) reports that the unemployment rate fell by 5,000 in April. This goes some way to reversing recent rises and suggests an overall steady labour market. However, with recent good news on the economy and the likelihood that economic growth will be shown to have picked up in the 2nd quarter of this year, we may expect unemployment to fall further and the competition for talent to increase over the coming months.
Commenting on today's Labour Market Statistics released by ONS, Mark Beatson, Chief Economist at the CIPD, said: "Today's figures show that employment is increasing again with the number of people in jobs up by 24,000 over the quarter. However, the general picture is still one of relatively slow progress. We have seen very modest reductions in unemployment and youth unemployment this month, total hours worked have hardly changed and earnings growth remains very low in historical terms."
Mike Beesley, CEO, RSG
No comments:
Post a Comment