Press releases

Deloitte’s chief economist: The labour market recovery is shifting

15 July 2015

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 labour market recovery is shifting, with the pace of job creation cooling and earnings heading up. The underlying story is good for UK consumers. Private sector jobs and full time work are expanding. The UK has the lowest jobless rate in the EU after Germany. And real incomes are rising at the fastest rate in six years. The frenetic pace of job growth has slowed, but the good news is that wages and productivity should pick up from here.”  


Note 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 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.

Stephanie Dobbs
Deloitte LLP
+44 (0) 20 7303 2636

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