This adds weight to the case for taking LFS estimates with a big pinch of salt at the moment and using a wide range of datasets to understand what's happening in the labour market. Read the full spotlight for more: https://t.co/ZF4Ereg47U
Today’s @ONS labour market data shows that pay growth has slowed. We should, however, be cautious interpreting the latest employment figures - given that the official data is likely under-estimating the UK's real level of employment. Thread below from me and @charliejmccurdy 🧵
The ONS is working to address both of these issues - and we aren’t able to offer definitive conclusions. But this chart shows that if we model the employment rate based on trends in admin data and population figures, the employment rate could be close to pre-pandemic highs.
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Our @resfoundation pre-election labour market briefing is out today, authored by @nyecominetti and me – looking back at the labour market since 2010, and forward to policy after the election. Here’s a thread with some key takeaways … https://t.co/NRFe9lcyZs
Full details of these proposals are yet to be filled in. But it’s clear that whether the next government is a Conservative or Labour one will determine whether we see a continuation of the current system, or perhaps the biggest overhaul of labour market rights in a generation.