CBI Labour Market Update – September 2021

CBI Labour Market September 2021- CNA International

EMPLOYMENT SEES CONTINUED GROWTH

The latest data show continued signs of recovery in the labour market, with employment increasing, unemployment decreasing, and vacancies at a new record high. Young people who were particularly affected by the pandemic saw a strong increase in the employment rate and decrease in the unemployment and inactivity rates. Real time Pay-As-You Earn data for August 2021 also showed that the number of payrolled employees increased once again, up by 241,000 in August 2021 to 29.1 million. This means that it has returned to pre-pandemic levels, with all regions except London, Scotland and the South East now being above pre-pandemic levels.

CNA International view

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