BoE’s latest big data project targets labour mismatches
Eliminating regional mismatch could have prevented productivity shortfall, researchers find
Researchers from the Bank of England have sought to gain new insight into the UK labour market by tapping into data from millions of online job adverts.
The research – published as a staff working paper on July 6 – investigates mismatches in the labour market and finds that fixing mismatches across regions could return UK productivity growth to its pre-crisis trend.
The team of economists makes use of “naturally occurring” vacancy data, as opposed to survey data, to create time series on
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