Today we’ve received new labour market statistics from the ONS. It is important to note at the outset that these relate to the period before the UK economy went in to lockdown.
This means that the data today tell us little, if anything, about how the economy is doing right now. But they do tell us about the health of the labour market going in to this pandemic.
In this article, we do three things: examine what the labour market data released today tells us, set out what other data are available that shed light on or scenario for the path of the economy at the moment, and set out the key timings for future data releases on the economy.