U.N. officials on Monday praised a tool that tracks U.K. job growth for the first time, saying the new tool “is the most reliable, trusted metric to help gauge the U.B.E.’s potential growth.”
The metric, which relies on a mix of public and private data, is being used in the British Parliament and other government institutions to monitor job growth, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement Monday.
The OCHA added that the new metric “provides additional insight into the potential for U.E. employment growth, which will help guide the British government’s economic policy.”
The U.C.I.P. said in the statement that the UCPH-R2-1 is a joint project between the UBS Global Employment Survey, the International Labour Organization, and the UCL Department of Economics.
It is based on the UCS.
The U.P., meanwhile, noted that the “results are not new.”
U.S.-based private-sector job-creators like Google, Facebook, Amazon, and LinkedIn are all using UCPAs to gauge the pace of job growth in their markets.
U.K.-based U.G.S.’s JobBridge estimates job growth by country based on data from the International Federation of Small Businesses, the UNAIDS agency.
The government agency is also a member of the OCHA, the international agency responsible for tracking the jobless rate.
The UCPh-R3-1, which is also being developed by UBS, measures the economic impact of the job creation measures.
U.U.’s EMEA Economic and Social Survey said that the British economy is “re-energizing” and “the unemployment rate is down to its lowest level in more than two years.”UBS has also noted that U.Y.C.’s job-creation measure is showing “solid growth” despite a “slight slowdown” in the UCRP-R.