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CIPD responds to ONS Labour Market Statistics

Commenting on the latest ONS Labour Market statistics, Ben Willmott, Head of Public Policy at the CIPD, the professional body for HR and people development, said:

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“These latest figures suggest employment has stopped growing, at least temporarily - a possible sign the UK labour market is finally beginning to run out of people, rather than a signal that employer demand for labour and skills is drying up.

“However, the increasing challenge that employers face in accessing the labour and skills they need is only translating into very modest pay growth for most workers, with real pay near flatlining over the last 12 months. Until we see sustainable improvements in productivity growth this picture is unlikely to change.”