A big UK data update is going live this week.
Kjell Christophersen, EMSI economist and a huge advocate for bringing EMSI’s labour market intelligence to the UK, said this about the release: “This release captures major changes in UK data, including the switch from SIC 2003 to SIC 2007, migration from Working Futures 2007 to 2010, and a shift from ABI to BRES as the primary basis for structural labour market employment. With the rapid adoption of EMSI Analyst and Career Coach in the United Kingdom, we are very pleased to provide this significant update to the underlying dataset that powers these important tools for our client base.”
With the current dataset, EMSI’s UK Analyst tool will be able to characterize 563 industries (up from 485 industries previously) and 353 occupations at the lowest levels. This kind of granularity makes it possible to show regional industry and occupation changes as opposed to national changes only. For example, whereas the Working Futures 2007 to 2010 (which has 12 regions and 22 industries) will show that manufacturing is declining, the EMSI model will show which manufacturing industries are affected and in which smaller sub-regions.
The following major data sources were updated in this 2012.1 Beta release:
- Business Register Employment Survey (BRES) (2010)
- Workforce Jobs Series (WJS) (Q3 2011)
- Annual Survey of Hours and Earnings (ASHE) (2010)
- Labour Force Survey (LFS) (Q4 2010)
- Annual Population Survey (APS) (2010)
- Working Futures (WF) (Working Futures, 2010-2020)
- Mid-Year Population Estimates (2010)
- Subnational Population Projections (2008)
- Annual Business Inquiry (ABI) (2008 – superseded by BRES)
Three major changes to source data will be the most noticeable from the previous 2nd Quarter 2010 data release:
- SIC 2003 – SIC 2007 industrial structure: SIC 2007 represents a complete revision of the industrial classification. This shift in industrial classification meant that 2003-2007 data had to be converted from a SIC 2003 to SIC 2007 basis to allow for comparability. As a result, some anomalies in the time-series are unavoidable between 2007 and 2008 data.
- Moving from Working Futures 2007 to Working Futures 2010 as a basis for projections: The latest release of Working Futures (released on December 15, 2011) represents the first official and comprehensive revision of labour market projections for the United Kingdom since the recession.
- Shifting from ABI to BRES as the primary basis for structural labour market employment: The BRES is now the preferred source for structural employment levels in the United Kingdom. Because of differences in coverage, there is a discontinuity of about 300,000 jobs created by the change in survey between 2007 and 2008.
Two important notes regarding Analyst functionality with this beta release:
- Analyst users who want to switch to this new beta data set will need to select “2012.1 BETA” in the “Data Settings” selection area of their account. Your account will default to using your previously selected data set when you log in.
- Because of the switch from SIC 2003 to SIC 2007 and the corresponding change in industry codes, previously built Industry groups in Analyst will need to be recreated for use with the new data set.
If you have questions about EMSI’s UK data, please contact Rob Sentz (rob@economicmodeling.com).
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