Stuart Gentle Publisher at Onrec

ONS Labour Market Statistics - CV-Library CEO comments

In response to the UK labour market statistics published by the ONS today, please see below a comment from Lee Biggins, founder and CEO of CV-Library:

"The fact that more people are in full-time work is certainly positive, especially as the employment rate for women is at its highest in nearly fifty years. At the same time, pay is up year-on-year and while this is good news for working professionals, the picture is less rosy for businesses. After all, we cannot ignore the fact that businesses are struggling to entice potential candidates out of their roles, in turn having no choice but to offer higher pay in order to remain competitive.

"In terms of the number of vacancies dropping between March and May, it's not overly unusual for us to have seen a dip in vacancies quarter-on-quarter, given that the first two months of the year are usually some of the busiest for hiring. However, we could also attribute it to the fact that Brexit uncertainty has left businesses with no choice but to hold off on their hiring efforts until the UK receives more clarity on our future in the EU."