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Realistbear

Recession Forces A Million To Work Part-time

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http://www.telegraph.co.uk/finance/finance...-part-time.html

By Harry "wallop" Wallop and Myra Butterworth

Published: 10:00PM BST 19 Jul 2009

Recession forces a million to work part-time*

Almost a million people are being forced to work part-time because they cannot get a full-time job, according to official figures that shed light on the hidden cost of the recession for thousands of families..../

This is an increase of more than a third on the previous year, and illustrates the extent to which companies are trying to cope with the downturn by reducing staff hours, rather than just laying them off..../

Corin Taylor, the head of policy at the Institute of Directors, said: “This recession has been marked by employers being very flexible. They are very keen to hold on to good people, even if that means freezing or cutting pay. And that has to be a good thing.

“But it does suggest that we are in a far more severe employment downturn than the headline jobless figures suggest.â€

Perhaps the millions out of work and having to go part time is behind what the EAs are saying a return to higher prices being asked for houses? Nothing like massive unemployment to keep the price up?

___________________________________

* http://www.telegraph.co.uk/finance/finance...economists.html

Record UK unemployment figures will get worse, warn economists (except EAs)

Edited by Realistbear

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Even Deidre on Coronation street may be losing her job :P

She works for the council doesn't she ?

More likely we'll probably see Deidre picketing the town hall for a 10% pay rise and more pension.

Disclaimer, I haven't watched it for years.

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Even Deidre on Coronation street may be losing her job :P

Free Deirdre Rashid!

Looks like the campaign suceeded :rolleyes:

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http://www.telegraph.co.uk/finance/finance...-part-time.html

By Harry "wallop" Wallop and Myra Butterworth

Published: 10:00PM BST 19 Jul 2009

Recession forces a million to work part-time*

Almost a million people are being forced to work part-time because they cannot get a full-time job, according to official figures that shed light on the hidden cost of the recession for thousands of families..../

This is an increase of more than a third on the previous year, and illustrates the extent to which companies are trying to cope with the downturn by reducing staff hours, rather than just laying them off..../

Corin Taylor, the head of policy at the Institute of Directors, said: “This recession has been marked by employers being very flexible. They are very keen to hold on to good people, even if that means freezing or cutting pay. And that has to be a good thing.

“But it does suggest that we are in a far more severe employment downturn than the headline jobless figures suggest.â€

Perhaps the millions out of work and having to go part time is behind what the EAs are saying a return to higher prices being asked for houses? Nothing like massive unemployment to keep the price up?

___________________________________

* http://www.telegraph.co.uk/finance/finance...economists.html

Record UK unemployment figures will get worse, warn economists (except EAs)

I wonder how many people on reduced hours have fallen out of the 40% tax bracket? And how big a dent that's putting in the public finances.

Youth unemployment already massive...I pity the poor sods that win the next election as the IMF will be down their throats, after a workable "DEBT SOLUTION" and we will all pay the price.

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