Deloitte comments on today's ONS labour market figures
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.”
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 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.
Katy Barrass
Public Relations Manager
Tel: +44 (0)20 7007 7916
kbarrass@deloitte.co.uk