Press releases

Deloitte’s chief economist: jobs market a standout success for UK

18 May 2016

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:

“The jobs market has been a standout success for the UK economy in recent years, delivering record levels of employment and one of the lowest jobless rates in Europe.

“But the momentum of job creation has eased in recent months and we still haven't seen lift-off for wages.

“Indeed, real wage growth has slowed in the last year, a development that represents a real risk to the consumer-led recovery.”

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

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.

Mark Smith
Deloitte LLP
+44 (0) 20 7007 7082
+44 (0) 75 9004 1301
marksmith@deloitte.co.uk

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