UK unemployment

UK jobs model hard to copy

Press quote (The Wall Street Journal)
19 December 2013

"It's a bit of a puzzle," said Simon Tilford of the CER. ...Mr Tilford thinks the behavior of unemployment in the face of such a weak economy may reflect problems in measuring gross domestic product. In other words, the economy may have been in better shape than the statistics suggested, because some important elements of economic activity — possibly online — weren't being captured.