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Deloitte comments on today's ONS labour market figures

13 June 2023

Commenting on today’s ONS labour market figures Ian Stewart, chief economist at Deloitte, said:

“The labour market continues to run hot, with earnings growth running way ahead of levels consistent with the Bank of England’s inflation target. Despite all the headwinds, the jobs market remains resilient. This is a green light for a 25bp rate hike next week.”