Deloitte’s chief economist labour market figures comment
21 March 2018
Commenting on the latest labour market figures, published this morning by the Office for National Statistics, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:
“The post-Brexit squeeze on consumer spending power is easing. Low unemployment, a slowing flow of overseas workers into the UK and high levels of job vacancies are raising wage pressures and boosting job moves.
“The number of people resigning from one job to move to another fell in the wake of the financial crisis, but is now running at its highest level since 2001.
“The scene is set for a pickup in earnings growth this year.”
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