MNI China Daily Summary: Wednesday, Dec 4

MNI: Toronto Nov Home Sales Jump 40% From Year Ago As BOC Cuts

MNI: UK FINAL NOV SRVCS PMI 50.8 (FLASH 50.0); OCT 52.0

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI: US MBA: MARKET COMPOSITE +2.8% SA THRU NOV 29 WK

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: EUROZONE OCT PPI +0.4% M/M, -3.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

UK DATA: Labour market: Annual population survey and APS reweighting for LFS

UK DATA
CEEMEAData BulletBulletUKMarketsFixed Income BulletsForeign Exchange Bullets

The ONS has released an update on TLFS progress alongside the reweighting of the LFS for the Annual Population Survey (the full data for the latter will be in the monthly release).
Highlights on the TLFS progress:

  • "TLFS remains the long-term solution for collecting labour market data, and we expect to deliver a more detailed evaluation early next year to inform Spring 2025 decisions on the future design of the TLFS."
  • "There are a number of potential scenarios for when the ONS will be able to responsibly transition labour market users from using the LFS to the TLFS, which are dependent on the scale of the design changes that we decide to implement. Transitioning in mid-2025 is now unlikely, given current quality concerns. Aiming to complete this process in 2027 would allow us time to implement the shorter survey with further periods of parallel run. We are continuing to explore options to minimise the timeframe to transition. We will provide an update on timescales in Spring 2025, following engagement on the findings of the test activity with our expert groups."
177 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The ONS has released an update on TLFS progress alongside the reweighting of the LFS for the Annual Population Survey (the full data for the latter will be in the monthly release).
Highlights on the TLFS progress:

  • "TLFS remains the long-term solution for collecting labour market data, and we expect to deliver a more detailed evaluation early next year to inform Spring 2025 decisions on the future design of the TLFS."
  • "There are a number of potential scenarios for when the ONS will be able to responsibly transition labour market users from using the LFS to the TLFS, which are dependent on the scale of the design changes that we decide to implement. Transitioning in mid-2025 is now unlikely, given current quality concerns. Aiming to complete this process in 2027 would allow us time to implement the shorter survey with further periods of parallel run. We are continuing to explore options to minimise the timeframe to transition. We will provide an update on timescales in Spring 2025, following engagement on the findings of the test activity with our expert groups."