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Comment: CV-Library reacts to the ONS labour market statistics

Lee Biggins, founder and managing director of CV-Library, comments on the latest UK Labour market statistics from the ONS:

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“Today’s employment figures from the ONS further confirm what a strong position the UK’s job market is in right now. Not only are there more people in work, the employment rate is at the highest that it’s ever been and this indicates that business confidence is at an all-time high.    

“We always expected these figures to be high, given that the early part of the year is one of the busiest times for recruitment, and our own data found that job vacancies grew by 38% and 7.6% in January and February respectively.

“There is one concern, however, and that relates to pay growth. With inflation continuing to rise, and average earnings not keeping pace, this could place employees in a compromising position going forward.”