BoE’s latest big data project targets labour mismatches

Eliminating regional mismatch could have prevented productivity shortfall, researchers find

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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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