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Full-time Employee Jobs Account for Only One in 40 Created Since Recession

Only one in every 40 new jobs created since the recession has been for a full-time employee, according to the Trades Union Congress.

Only one in every 40 new jobs created since the recession has been for a full-time employee, according to the Trades Union Congress.

The share of full-time employee jobs – excluding self-employment – fell during the recession and has failed to recover since, falling from 64% in 2008 to 62% in 2014, the TUC said. That is equivalent to a shortfall of 669,000 full-time employees.

Unemployment never reached the levels feared at the onset of the crisis, but the figures highlight that job creation between 2008 and 2014 has been dominated by rising self-employment and part-time work, not full-time employee jobs. Employment increased by 1.08m between January to March 2008 and June to August 2014, but only 26,000 were full-time employee roles.

Frances O’Grady, TUC general secretary, said: “While more people are in work there are still far too few full-time employee jobs for everyone who wants one. It means many working families are on substantially lower incomes as they can only find reduced hours jobs or low-paid self-employment.”

SOURCE: theguardian.com

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