Economy

Understanding the full business impact of the coronavirus pandemic

Statistics on the number of business creations and closures are important indicators of the health of the economy. However, the different measures of creation and closure can paint a complex picture. Josh Martin describes some new ways we’re measuring this important metric to support understanding of the longer-run impact of the COVID-19 pandemic on the economy.

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Shopping may never be the same again

The coronavirus (COVID-19) pandemic has changed many elements of our everyday lives, including how we shop. The introduction of movement restrictions meant the closure of most physical shops, so many consumers have been doing their shopping from home instead. In May 2020, over a third of retail spending was online – the highest ever share. In this blog Josh Martin takes a closer look at the online retail sales data to understand this trend.

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Understanding the impact on jobs and pay – how the ONS is now measuring the Labour market

Tomorrow the ONS will release its latest set of labour market data showing how, and to what extent, the coronavirus pandemic has hit employment and wages.  In this post Jonathan Athow compares the strengths and weaknesses of the main data sources we use to produce the figures, including the advantages of new ‘real time’ PAYE data – and the limitations of the claimant count figures.

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