UK regulator suspends official status for some regional labour data
Adds details about the Annual Population Survey in paragraphs 1, 4
LONDON, Oct 9 (Reuters) -Britain's statistics regulator said on Wednesday it had suspended the official status of the Annual Population Survey, which provides information about the regional labour market, citingconcerns about the low response rates.
Ed Humpherson, head of the Office for Statistics Regulation (OSR), wrote in a letter that the regulator agreed with the Office for National Statistics' (ONS) request to suspend the accredited official statistics status for the ONS Annual Population Survey.
Official statistics status means that data complies with standards of trustworthiness and quality set by the OSR.
The Annual Population Survey provides detailed information about the country's labour market at a local level and does not form the basis of the ONS's overall population estimates for the United Kingdom.
Michael Keoghan, ONS director general for economic and social statistics, said it would do more work to improve the quality of the data and better account for population growth, especially in smaller regions in the country.
Keoghan said the ONS will publish a technical note setting out how the population estimates can be used moving forward after a workshop in November.
The ONS will start to use an improved Labour Force Survey (LFS) as its main source of data on Britain's labour market from September 2024. It had temporarily suspended publication of official LFS data in October 2023 due to low response rates in the aftermath of the COVID-19 pandemic.
Reporting by Suban Abdulla, editing by Andy Bruce and Sachin Ravikumar
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
