PwC’s comments on Labour market data
In response to UK labour market figures, John Hawksworth, chief economist at pricewaterhousecoopers, commented: "The previously booming UK labour market continues to show signs of cooling in the aftermath of the Brexit vote, with the number of people in work down slightly in the three months to November compared to the previous three months. It is true that the unemployment rate remained at an 11- year low of 4.8%, while the actual number of people unemployed fell, but this was matched by a rise in economic inactivity rather than more people in jobs."