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18th Sep 2023 08:56U.K., Daily Monitor

  • The number of people participating in the Labour Force Survey has almost halved over the past two years...
  • ...But the rise in the unemployment rate is exactly as large as implied by its past relationship with GDP growth.
  • The claimant count has risen only marginally, but it was slow to rise in 2008; many surveys corroborate the LFS.

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Keywords for: 19 September 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence