Commenting on the latest ONS Labour Market Statistics, Ian Brinkley, Acting Chief Economist at the CIPD, the professional body for HR and people development, says:
“It’s positive to see the labour market continuing to expand, with more people in work pushing the employment rate even higher and unemployment falling to 4.2 per cent. While regular pay growth has reduced a little, comparing the figures to those in the same period last year, real pay continues to grow at much the same rate as before, as inflation has also edged down.
“However, there are signs of underlying weakness. Employment