coronavirus pandemic - Page 18

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30 million unemployed go missing and with them USD14bn of monthly consumption

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An unprecedented rise in the inactive population since February has seen more than 30 million workers going missing from official unemployment statistics across selected OECD and Emerging Market economies. Because of this” hidden unemployment,” the true monthly hit to household consumption could be underestimated by USD14bn, according to Euler Hermes, one of the global leaders

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Measuring the labour market during the pandemic

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A challenge faced by the ONS during the pandemic is the inability to conduct face-to-face household interviews, having to rely on telephone surveys instead. So we’ve been exploring how this might have affected responses to our Labour Force Survey on which the key UK employment data are based. Jonathan Athow explains what we have

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