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Press Releases Education & skills

Labour market remains vibrant, but wages still a problem

21 Mar 2018

office meeting

Responding to official employment statistics showing that the rate of unemployment is at a record low, Seamus Nevin, Head of Policy Research at the Institute of Directors, said:

“Today’s employment figures show that, despite many challenges, the employment market is vibrant and businesses are creating more and more jobs. The employment rate and the number of women in work are both at record highs and the NEET (not in employment, education or training) rate is at an all-time low.

"Wages, however, continue to be problematic, despite the dip in inflation reported yesterday. The only sustainable way to boost workers’ wages is to increase productivity. Investment in training is key but the recent drop in Apprenticeship starts is a concern. With the one year anniversary of the introduction of the new Apprenticeship Levy approaching we would urge the Government to work with business to identify the obstacles blocking employers from investing in developing the skills they need so that we can solve the skills gap and help grow our economy.”

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