Britain’s Flawed Jobs Reports Leave Economists ‘Second-Guessing’

Published On Dec 9, 2024, 12:01 AM

Britain's labor market data is becoming increasingly unreliable due to significant issues with the Office for National Statistics' Labor Force Survey. Since last year, response rates have plummeted, leading economists to lose trust in the official employment metrics. This challenge has prompted reliance on alternative data sources to assess the employment situation, suggesting the current statistics may be underestimating job rates and overestimating economic inactivity. Lawmakers are responding with substantial investments to address these concerns.