The UK jobs boom is set to continue as businesses continue to shake off Brexit uncertainty, research published by the CIPD has revealed, but the tightening labour market is failing to shift pay.
Last month, analysis by the Office for National Statistics (ONS) showed the number of people in work in the UK had reached its highest level since 1971, hitting 32.7 million. Meanwhile unemployment fell to 1.34 million, the lowest level since 1975.
However, according to the CIPD and Adecco Group’s Labour Market Outlook report, published today, this confidence has yet to translate into significant salary increases for all but new starters and those with key skills.
The quarterly poll of more than 2,000 organisations found employers were more likely to recruit new hires than three months ago.