Deloitte – strong labour market figures underscore momentum of recovery
18 March 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:
“Despite being a tad weaker than expected, today’s labour market data underscore the momentum of Britain’s recovery and will be welcome news for the Chancellor ahead of today’s Budget.
“The big picture is of strong growth in full-time jobs in the private sector, record employment and the highest level of vacancies in 12 years. A tightening labour market is bringing the long awaited wage recovery. After falling for six years real earnings are growing at the fastest rate since 2008.”
Notes to editors
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.