Hmmnn… the figures the government are using are really on the rise in part-time jobs and self-employment. And how many of those are paying less than a living wage and are on zero hours contracts??
Far too early to break open the bubbly – Frances is correct!
This was a watershed month for the UK’s slow recovery, with a number of things finally getting back to where they were before the recession. In July, GDP, the employment rate and the number of full-time jobs edged above 2008 levels. The FT did a celebratory piece this weekend with some great charts from Chris Giles.
When you look at the per capita figures, though, things don’t look quite so good. The population has risen since 2008, so, once you divide it up, 2008’s GDP doesn’t go as far.
The employment figures tall a similar story. The rate might be back where it was before the recession but the net increase in jobs has been almost entirely due to part-time and self employment.
As Michael remarked:
Put plainly, what it shows is that the recovery of the employment rate to previous levels has been driven entirely by growth in numbers of people who…
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