Seasonality and reporting variability
The movements in payroll jobs and wages estimates at the 2021 year-end include large seasonal changes in the labour market - further described in the Seasonality spotlight article.
Some businesses have reduced activity in late December and early January which may lead to a higher degree of reporting variability over year-end. This can result in higher than usual levels of revision for both payroll jobs and wages for this period when more normal reporting resumes. Further information is available in the Reporting variability section of Data variability and revisions.
Update to jobholder characteristics in March release
The next release, on 10 March 2022, will incorporate updated jobholder characteristics across the time series. This will result in revisions to all indexes that include jobholder characteristics (sex, age and geography).
To provide an indication of the extent of revisions, selected revised indexes (up to the week ending 15 January 2022) have been added to this release. Further detail is available in Upcoming changes.