‘Job optimism is a mini–miracle’ - CBI

The UK government has been urged to renew efforts to help young people find work after a new study showed that recruitment in private firms will remain “cautious”.

The CBI said it was a “mini-miracle” that jobs were still being created despite the state of the economy, with its survey of 300 companies revealing that more than a third expect their workforce to be bigger in a year’s time.

Katja Hall, the CBI’s chief policy director, said: “The performance of our flexible labour market in generating jobs in a sluggish economy is a mini-miracle. Businesses look set to continue with the positive but cautious approach to hiring that we’ve seen over the past couple of years.”