UK – Official statistics painting an overly pessimistic picture of labour market

Reuters with this interesting piece:

• Britain’s official labour market statistics may be failing to count almost 1 million people who are in work
• might also be overestimating the number of workers who have dropped out of the jobs market
• think tank data closely tracked official employment numbers until 2020. Since then it has diverged sharply.

Poor data has implications for Bank of England decisions, and for other policy makers.

Here is the link for more.

This article was written by Eamonn Sheridan at www.forexlive.com.