Press releases

Deloitte senior economist comments on today's labour market figures

14 June 2022

Commenting on labour market figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:

Despite the contraction in economic activity over March and April, employment and job vacancies rose and the unemployment rate fell to a new multi-decade low. This is an exceptionally strong labour market, making it easier for people to change jobs and secure higher pay.

“With bonus payments helping incomes outpace soaring inflation, there will be greater pressure on the Bank of England to raise interest rates and ensure inflation doesn't become the primary factor driving wage negotiations.”



Notes to editors

About Deloitte
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 for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE 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.

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