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flag UK employment rises by 400,000, but productivity drops, as ONS faces data accuracy challenges.

flag The UK's Office for National Statistics (ONS) has revised employment estimates, showing a 400,000 increase in employment but revealing lower productivity. flag This revision follows better population estimates due to immigration. flag However, the ONS admits that overhauling its Labour Force Survey (LFS) for more accurate data may not be ready until 2027, causing concern for policymakers reliant on accurate labour market data. flag Challenges include low survey response rates since the pandemic, with the ONS exploring ways to improve engagement, including potentially making surveys mandatory.

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