Posted: Oct 21, 2018 9:49 am
by Scot Dutchy
ONS themselves admit the figures are estimates. They are nowhere near the truth. ONS has no idea who lives, enters or leaves the country:

More evidence that the true rate of unemployment in the UK is 3 times greater than the government's preferred statistics suggest

14.5% of UK households are "workless," according to the ONS.
That's three times as high as the headline unemployment rate, 4.5%.
The distribution shows that the official unemployment number partially disguises the true distribution of unemployment and worklessness in the UK.

Yet, as the ONS makes clear, that 4.5% number doesn't count part-time workers who want full-time jobs, "inactive" workers alienated from the workforce, people who retire, students, or those who work in the home.

Once you wrap all those people in, the number of jobless people is actually 21.5% of the entire workforce, according to the ONS. That's one in every five workers, or four times the government's preferred definition of unemployed. This chart from Pantheon Macroeconomics shows that the total rate of unemployed workers, inactive workers who want jobs, and people stuck in part-time jobs who want full-time work, is also about 14.5%, roughly the same as the ONS's household rate:


Image

Why does not ONS use the accepted definition of unemployed as used in the EU.

Here is further explanation:

Unemployment in the UK is now so low it's in danger of exposing the lie used to create the numbers