Deloitte chief economist comments on this morning's unemployment figures
12 November 2019
Commenting on the latest unemployment figures, published this morning by the Office for National Statistics, Ian Stewart, chief economist at Deloitte, said:
“The economic slowdown has been underway for some time now and is finally hitting the jobs market. The story of the last ten years, of booming private sector employment and shrinking public sector employment, has gone into reverse. Private sector job growth is flatlining while the number of public sector jobs is rising.”
Notes to editors
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk
Member of Deloitte Touche Tohmatsu Limited