A job-rich recovery on every measure
17 April 2015
Commenting on the latest labour market statistics, published this morning by the Office for National Statistics, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:
“This is a job-rich recovery on every measure. The jobless rate has dropped to a six-year low, employment is at record levels and job vacancies have risen 20% in the last year. The recovery is being driven by full time work in the private sector, far outstripping public sector job losses.
“Despite these buoyant job numbers earnings growth has drifted up only slowly from last year’s lows. But with skills shortages emerging, and the jobless rate set to fall further, we see earnings growth accelerating through this year and next.”
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.