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24th Oct 2023 19:31UK, Daily Monitor

  • Repeated revisions and the omission of self-employment make the PAYE data an imperfect guide to employment.
  • The claimant count was slower to rise in the late 2000s recession than the LFS measure of unemployment.
  • Older people, part-time job-seekers and most visa- holders can’t claim; they are more numerous now.

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Keywords for: 26 October 2023 UK Monitor

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