{"id":17887,"date":"2020-01-30T00:00:00","date_gmt":"2020-01-30T06:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/officials-say-true-uk-unemployment-rate-should-be-higher\/"},"modified":"2020-01-30T00:00:00","modified_gmt":"2020-01-30T06:00:00","slug":"officials-say-true-uk-unemployment-rate-should-be-higher","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/officials-say-true-uk-unemployment-rate-should-be-higher\/","title":{"rendered":"Officials Say True UK Unemployment Rate Should Be Higher"},"content":{"rendered":"

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The headline figures on the UK employment rate suggest that the country is experiencing its lowest unemployment since records began<\/a>. This is despite the challenges being posed by international trade tensions and the Brexit drama Britain has faced for the past few years. The fact that the UK workforce is also at last seeing real wage growth<\/a> seems to be a positive sign for the country’s prospects, no matter the outcome of its future relationship with the European Union.<\/p>\n

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Unemployment rate not all as it seems<\/b><\/p>\n

Research from the Organization for Economic Co-operation and Development (OECD), however, has threatened to cast a less favorable light on the UK employment rate. Through new research, the international economic group has suggested that the real unemployment rate of the country shouldn’t be 4.6% but 13.2%<\/a>, nearly three times the amount reported by the UK’s Office of National Statistics (ONS).<\/p>\n

They come to this figure by using a different methodology for measuring the UK workforce. The OECD’s methodology includes people who:<\/p>\n