Latest figures have underlined the strength of the UK's flexible labour market.
Anna Leach, CBI Head of Economic Intelligence, said:
“These figures underline the strength of the UK’s flexible labour market, which was recognised in yesterday’s Taylor Review. But declining real pay and productivity remain concerning, reinforcing the imperative that any changes following the review support the economy’s ability to create great jobs.“Making real progress on productivity growth requires a modern industrial strategy, with real change on the ground on skills, infrastructure and innovation.”
The unemployment rate is the lowest it has been since 1975.