UK labour market data, December 2016 - PwC comments

Published at 10:16 AM on 14 December 2016

In response to today’s UK labour market figures, John Hawksworth, chief economist at PwC, commented: 

“Today's data provides the clearest evidence yet that the jobs market has started to cool off since the Brexit vote. Total employment in the three months to October was broadly flat compared to the previous three months, having been rising strongly in the year before the EU referendum

“The official unemployment rate held steady at 4.8%, but this disguised a marked rise in economic inactivity of over 100,000 in the latest three months. The more timely but less comprehensive claimant count measure of unemployment edged up again in November for the fourth month in a row.

“At the same time, regular pay growth edged up to 2.6%, and is now close to 3% on average in the private sector. This is good news for workers facing the prospect of rising consumer price inflation over the next year, but could dampen future jobs growth if it continues.”


For further information please contact Tilly Parke: [email protected] / +44 20 7804 8761


About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 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 refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. © 2016 PwC. All rights reserved

« UK Inflation, December 2016 - PwC comments | Homepage | Total Tax Contribution of UK’s largest companies rises to £82.3billion, as broader economic contribution outlined in new research »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts