Britain Changes Unemployment Measure At Critical Moment

Britain’s Office of National Statistics (ONS) was recently forced to make a change in how it calculates the unemployment level. There were good reasons for doing so, but it sure seems like its gogin to make life hard for policy makers at the Bank of England (BoE,) the United Kingdom’s version of the Federal Reserve.

The reason given was that Millennials and popes in Generation Z weren’t picking up the phone and therefore the ONS couldn’t work out who was out of a job and looking for a new one, according to a recent report from Fortune.