Economy

Understanding the full business impact of the coronavirus pandemic

An artists impression of COVID-19 virus and decorative charts

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.

Read more on Understanding the full business impact of the coronavirus pandemic

A COVID-19 conundrum: why are nearly half a million ‘employees’ not being paid?

The ONS uses various data sources to measure changes in the UK labour market. One of those, the ‘Real Time Information’ from the HMRC PAYE system, shows a sharp drop in the number of employees, but the Labour Force Survey does not. Here Jonathan Athow looks at a possible explanation for this seeming contradiction.

Read more on A COVID-19 conundrum: why are nearly half a million ‘employees’ not being paid?

Moving online – how ONS is digitising its labour market surveys

As part of our wider response to the coronavirus (COVID-19) pandemic, the ONS has been looking at new ways to measure changes in wages and employment, including using government data sources quicker and introducing new online surveys. Here David Freeman talks about how our work on new surveys is progressing.

Read more on Moving online – how ONS is digitising its labour market surveys

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.

Read more on Shopping may never be the same again

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.

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