Heather Anstey-Myers, Chief Executive of Chambers Wales, said:
“Following a turbulent eighteen months for business, the latest labour market figures are promising with unemployment in Wales falling to a lower figure than the previous quarter and lower than the UK. Coupled with the recent lifting of restrictions, businesses have cause for optimism as they plan for future growth and a return to operating at pre-pandemic levels.
“Skills development is an opportunity for business recovery and businesses should ensure that upskilling and training is high on their agenda. In our latest quarterly economic survey, 69% of Welsh businesses reported experiencing difficulties in finding candidates with the appropriate skills and experience, particularly for skilled positions.
“Alongside the development of employees, both old and new, we should also consider the impact of Brexit and the pandemic on labour supply going forward. A flexible, international immigration system will ensure that businesses can recruit and obtain access to the workers needed to enhance their services and grow without shortages, increased costs and delays.”