This briefing note from the Institute for Employment Studies sets out analysis of the Labour Market Statistics published last week. The release is the first using revised figures from the Labour Force Survey (LFS), which has been reweighted to take account of new population estimates following the 2021 Census. The ONS published an article recently explaining the changes in more detail, but the main effects have been to increase the size of the population but reduce the estimates for the proportion of people in work. The new data covers the period to
October-December 2023, and reweights previous estimates back to October-December 2022 (with revised estimates for key headline figures back to 2011). Click here for more from IES.
