Since the onset of the Covid-19 pandemic, issues have emerged with the UK’s official labour market data. The Office for National Statistics’ (ONS) main data source on the labour market, the Labour Force Survey (LFS), estimates that there are over a million fewer workers than the trends seen in other data sources suggest. And understanding the reasons for this discrepancy – and determining which figure is accurate – is of clear importance for public and monetary policy debates. Click here for more.
