Sustained, elevated growth in nominal earnings has increased the likelihood despite new data also showing a cooling demand for workers.
Effective childcare reform is vital to help the next generation of mothers return to work.
While the labour market remains tight, the latest figures signal a departure from the weird dynamics of a year ago.
Early retirement, non-EU migration and hybrid working are transforming the UK jobs market. Much of it is likely to stick.
It looks as if we are close to a turning point in terms of job opportunities and unemployment.
Avoiding mass unemployment during the pandemic is some achievement. But Covid has shrunk the labour force.
A flexible labour market should help to keep a lid on soaring inflation.
A personal view from Ian Stewart, Deloitte’s Chief Economist in the UK. To subscribe and/or view previous editions just google ‘Deloitte Monday Briefing’ Jobs markets
It sometimes feels as if nothing concrete has happened in UK politics in the three years since the British public voted to leave the EU.
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