Mnemonic | LBU.IGBR | |
---|---|---|
Unit | Ths. # 3-mo MA, SA | |
Adjustments | Seasonally Adjusted | |
Monthly | 2.94 % | |
Data | Jan 2024 | 1,358 |
Dec 2023 | 1,319 |
Source | U.K. Office for National Statistics (ONS) |
Release | Labour market overview, UK |
Frequency | Monthly |
Start Date | 3/31/1971 |
End Date | 1/31/2024 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Labor Force | Jan 2024 | 34,533 | 34,494 | Ths. # 3-mo MA, SA | Monthly |
Labor Force Employment | Jan 2024 | 33,174 | 33,174 | Ths. # 3-mo MA, SA | Monthly |
Unemployment | Jan 2024 | 1,358 | 1,319 | Ths. # 3-mo MA, SA | Monthly |
Unemployment Rate | Jan 2024 | 3.93 | 3.83 | % 3-mo MA, SA | Monthly |
Wage & Salaries | 2023 Q4 | -209 | -198 | Mil. GBP, SA | Quarterly |
Agriculture Employment | 2017 | 376,298 | 378,714 | # | Annual |
For the U.K., summary results of the labor force survey.
As of October 2023, the data dimensions are:
Active:
Predecessors:
The source writes:
Everybody aged 16 or over is either employed, unemployed or economically inactive. The employment estimates include all people in work including those working part-time. People not working are classed as unemployed if they have been looking for work within the last 4 weeks and are able to start work within the next 2 weeks. A common misconception is that the unemployment statistics are a count of people on benefits; this is not the case as they include unemployed people not claiming benefits.
Jobless people who have not been looking for work within the last 4 weeks or who are unable to start work within the next 2 weeks are classed as economically inactive. Examples of economically inactive people include people not looking for work because they are students, looking after the family or home, because of illness or disability or because they have retired.
Estimates of employment, unemployment, economic inactivity, hours worked and redundancies are derived from the Labour Force Survey (LFS), a survey of households. The LFS is sampled such that it is representative of the UK population over a 3 month period, not for single month periods. Most of the figures in this statistical bulletin come from surveys of households or businesses and are therefore estimates rather than precise figures.
Notes on Employment
Labour market statistics are designed to reflect the various aspects of labour market activity in the UK. Statistics cover employment, unemployment and the Claimant Count, economic inactivity, redundancies, earnings, jobs, vacancies, labour productivity and labour disputes.
ONS publishes a set of labour market statistics on a monthly basis for the UK as a whole and for each country and region of Great Britain. Data for Northern Ireland are published by the Department of Enterprise, Trade and Investment in Northern Ireland.
Labour Market estimates come from a wide variety of sources. The Labour Force Survey (LFS) is the main source of data, and provides estimates of employment, unemployment, economic activity and inactivity, hours worked and redundancies. Business surveys are also used to compile data on workforce jobs, vacancies, average weekly earnings and labour disputes. Much of the data is produced using concepts and definitions set out by the International Labour Organisation (ILO).
The main users of labour market data include government and the Bank of England, who use the data to make and monitor government policies. There are also a wide variety of other users such as businesses, national and local government, academia, and the general public.
The source writes:
In official statistics, revisions to published estimates occur for a number of reasons: from the on-going incorporation of late survey data, to occasional methodological improvements and changes in international classifications and standards.
Revision policies are used to manage the timing of the release of revisions to published estimates. The National Statistics Code of Practice includes a Protocol on Revisions which provides a broad framework for how the release of revised estimates should be managed.
ONS publishes, as part of this policy, our planned cycle of revisions. This is available to all users of our data. Each Labour Market Statistical Bulletin contains details of all significant revisions in that particular release, both planned and unplanned. Further, each Statistical Bulletin should announce, at least one month in advance wherever possible, details of forthcoming revisions. ONS also publishes articles explaining developments that have led to revisions in our data.
From time to time revisions need to be made outside of this timetable. Examples of such revisions include improvements to methodology, revisions to data that feed into labour market datasets and the discovery of incorrect data through our quality assurance procedures. Each of these revisions will be examined to see if the effects are significant in terms of the degree of change or whether the changes affect the story the data portray.
Planned cycle of revision:
The Labour Force Survey (monthly) is revised annually (month not specified). Usually, the last three years are revised due to seasonal adjustments reviews and new population estimates.
At the source:
Datasets:
At IMF (SDDS Plus):