UK’s Official Stats Undercount Jobs by 1 Million, Report Says

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Britain has underestimated the number of people in employment by almost 1 million, according to a new report that casts further doubt on official estimates that are crucial for the Bank of England.

The Resolution Foundation said the employment rate has bounced back to pre-pandemic levels after its own estimates from tax and population data found an extra 930,000 more in work since 2019 than recorded by the Office for National Statistics.