fbpx

News & Blog

Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

BCC: Jobs market strengthened before EU vote

Posted: 18th August 2016

• In the three months to June 2016, employment rose by 172,000 and unemployment fell by 52,000
• The unemployment rate was 4.9%, down from 5.6% a year ago
• The claimant count in July 2016 fell by 8,600 compared with June 2016

Commenting on the labour market figures for July 2016, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

“The UK jobs market continued to strengthen in the run-up to the EU referendum vote, with firms continuing to recruit despite a softening economic picture.

“Labour market indicators tend to lag behind the wider economy, so it is likely to be some time before the full post-referendum employment picture emerges.

“However, more needs to be done to boost business confidence, so that firms can continue to grow and recruit. This includes careful consideration on how initiatives such as the apprenticeship levy and national living wage are implemented.”

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
Read more here