The government has announced the latest employment statistics which show the number of people in employment has dropped by 54,000.
Ian McCafferty, CBI Chief Economic Adviser, reacting to the latest statistics said:
“Although the fall in unemployment is welcome, the figures also show that the number of people actually in work continued to fall, which is a concern.
The number or people in full-time employment dropped by 54,000 in the three months to January, while the number of part-time jobs was unchanged. Unlike previous months, an increase in part-time work did not help to offset falls in full-time employment.
Clearly, the labour market is still very fragile. Growth is not yet sufficient to generate net new job creation.”