Skip to content Skip to footer
Search

Loading Results

PwC comments on ONS November labour market figures

14 Dec 2021

Rob Clarry, economist at PwC UK, says,

"Today’s jobs report showed another positive month for the labour market recovery. The headline unemployment rate fell to 4.2% and demand for workers continued to grow as the number of job vacancies reached a record high for the sixth month in a row. 

While we do not yet have the full picture following the end of the furlough scheme, as some of the people made redundant are still working their notice period, the data points towards growing tightness in the labour market

"However, there are some tentative signs that the demand for labour could be reaching its peak, with growth in vacancies starting to slow. 

"It remains too early to judge the impact of the Omicron variant on the labour market. But we expect it to hit consumer demand for contact-intensive sectors, such as food and hospitality, over the near term. This could reduce demand for labour in these sectors over the coming months."

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with over 295,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at PwC.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see how we are structured for further details.

© 2021 PwC. All rights reserved

Contact us

David Bowden

David Bowden

Manager, Corporate Affairs, PwC United Kingdom

Tel: +44 (0)7483 365049

Follow us