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We have created a summary of the significant findings from the January Office for National Statistics report. This provides crucial estimates and statistics related to employment, unemployment, economic inactivity, vacancies and other important indicators for the UK🤔📄 Click below to read the full report 👇 #labourmarket #reporting #statistics

The #dataquality could be critical if the decision makers would like to support their policies with numbers. It's a bit similar as the #GenAI. Without feeding the high quality, unbiased and sufficient data, no matter how great the model is, the problem of #hallucination could most probably rise and being serious issues.

The labour force participation rate is the measure to evaluate the working-age population in an economy. At the time of recession, it is generally seen that the labour force participation rate goes down due to low economic activities. https://lnkd.in/ga35rd_2

What are the prospects for the UK economy as we emerge from a technical recession? In KPMG UK's latest UK Economic Outlook, they provide forecasts for real GDP growth, inflation, interest rates and the labour market. Read the UK Economic Outlook report for March 2024: https://lnkd.in/e4D5P5ZQ #KPMG #EconomicOutlook #inflation #UKgrowth

What are the prospects for the UK economy as we emerge from a technical recession? In KPMG UK's latest UK Economic Outlook, they provide forecasts for real GDP growth, inflation, interest rates and the labour market. Read the UK Economic Outlook report for March 2024: http://spkl.io/60454FOEf #EconomicOutlook #inflation #UKgrowth Activate to view larger image,

What are the prospects for the UK economy as we emerge from a technical recession? KPMG UK's latest UK Economic Outlook, provides forecasts for real GDP growth, inflation, interest rates and the labour market. Read the UK Economic Outlook report for March 2024: http://spkl.io/60404FGhe #EconomicOutlook #inflation #UKgrowth

The labour force participation rate is the measure to evaluate the working-age population in an economy. At the time of recession, it is generally seen that the labour force participation rate goes down due to low economic activities. https://lnkd.in/gtJaArMp

Are you looking for data or curious about labour statistics in Canada? Check out this website from Statistics Canada | Statistique Canada. It has key indicators like employment, unemployment, and average weekly earnings, by province and territory! https://lnkd.in/g6S7Zfhd #StatisticsCanada #LabourMarket #DataAnalysis #CanadianEconomy #EmploymentTrends

The House of Commons Library (@commonslibrary) has helpfully produced a dashboard of the UK economy 2011-2024, today Key figures In April to June 2024, the number of people aged 16+ in employment was 33.09 million, and the employment rate for people aged 16-64 was 74.5%. Employment levels fell by around 69,000 over the last year, and the employment rate fell. The UK unemployment rate was 4.2%, and 1.44 million people aged 16+ were unemployed. Unemployment levels fell by around 25,000 over the last year, and the unemployment rate remained at a similar level. 9.41 million people aged 16-64 were economically inactive, and the inactivity rate was 22.2%. Inactivity levels increased by around 350,000 over the last year and the inactivity rate increased. Average wages increased in real terms in the three months to June 2024, with an annual change of 2.2% including bonuses and 3.2% excluding bonuses. Nominal wages continued to rise, at a rate of 4.5% including bonuses and 5.4% excluding bonuses.

How to lie with statistics, Episode 789. How to report good employment numbers in the economy which is on the brink of collapse.