Deloitte's senior economist comments on ONS unemployment figures has been saved
Deloitte's senior economist comments on ONS unemployment figures
16 June 2020
Commenting on the latest unemployment figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:
“The headline unemployment data suggests that the furlough scheme has cushioned the initial blow to the labour market, despite the sharp contraction in activity in April. However, a well-above-average rise in jobless benefit claims in May and the downward trend in employment observed in the last two weeks of April point to a future uptick in unemployment.”
Note 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