This briefing note from the Institute for Employment Studies (IES) sets out analysis of the Labour Market Statistics published recently. As with last month, there is no Labour Force Survey (LFS) data as this has been withdrawn by the ONS due to concerns around its reliability. The ONS is now intending to publish revised LFS estimates with next month’s release (February 2024). In the meantime, the ONS is using ‘experimental’ data to estimate employment, unemployment and economic inactivity, with this derived from HMRC Pay As You Earn (PAYE) data and the Claimant Count. Click here for more from IES.
