Modelled Unemployment

Indicator : Modelled Unemployment Theme : People Source : ONS Annual Population Survey - Model based estimates of unemployment Frequency : Quarterly Definition : The model-based estimate improves on the APS estimate by borrowing strength from the claimant count to produce an estimate that is more precise, i.e. has a smaller confidence interval. The claimant count is not itself a measure of unemployment but is strongly correlated with unemployment, and, as it is an administrative count, is known without sampling error. The gain in precision is greatest for areas with smaller sample sizes. Modelled unemployment rate is based on all people aged 16+ without a job who were available to start work in the two weeks following their interview and who had either looked for work in the four weeks prior to interview or were waiting to start a job they had already obtained. The unemployment count as a percentage of the economically active population aged 16+. Latest Period : Year to December 2023 Released : April 2024 Next Update : July 2024 Link : https://www.nomisweb.co.uk/