Emeritus Prof Christopher May on Nostr: Oh dear... the Office of Statistics Regulations (which oversee the ONS) thanks that ...
Oh dear... the Office of Statistics Regulations (which oversee the ONS) thanks that the Office of National Statistic's data on employment remains unreliable even after the tweaked process (which will start generating reports in September).
While variability is under 0.5 percentage points either way on headline figures, it remains around 1% percentage point range... on rates of 3.5% unemployment that's between 3% & 4% a range that makes things difficult for policy makers
#statistics #economics
While variability is under 0.5 percentage points either way on headline figures, it remains around 1% percentage point range... on rates of 3.5% unemployment that's between 3% & 4% a range that makes things difficult for policy makers
#statistics #economics