Deloitte comments on ONS labour market figures
Commenting on today’s ONS labour market figures, Debapratim De, director of economic research at Deloitte, said:
“The labour market data released today shows that unemployment remains low and wage growth strong, signs of remarkable resilience in the face of economic weakness.
“But the latest edition of the Deloitte CFO Survey points to a cooling labour market, given operating cost rises and elevated uncertainty over geopolitics and protectionism. CFOs expect hiring to be scaled back at the fastest pace since the pandemic and wage growth to slow to 3% over the next 12 months."
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