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5th Feb 2024 10:23UK, Daily Monitor

  • The ONS now estimates the headline unemployment rate fell to 3.9% in November, from 4.2% in August...
  • ...But it still hasn’t addressed the collapse in the LFS response rate; other data point to rising unemployment.
  • Hidden slack also increased in H2; the number of inactive people wanting work rose, while average hours fell.

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Keywords for: 6 February 2024 UK Monitor

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