According to the geniuses at the ONS, the single-month unemployment rate fell from 4.9% in July, to 4.3% in August - that's, frankly, implausible...treat this morning's data with a HUGE pinch of salt!
— Michael Brown (@MrMBrown) October 20, 2026
Back of the envelope maths - for that fall in unemployment to be legit UK econ would've had to have added about 200k jobs in Aug, last time that happened was immediately post-covid...plus, PAYE payrolls rose just 1k in Aug 2026, so even the ONS' own data doesn't back this up...
— Michael Brown (@MrMBrown) October 20, 2026
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