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Realistbear

Employment Growth In Mcjob And "self-employment"

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http://www.shout99.com/contractors/showart...?id=38176&n=250

by Susie Hughes at 11:19 13/04/06 (News on Business)

The increase in the number of people in work is almost entirely attributable to more temproary jobs and self-employment
according to the Chartered Institute of Personnel and Development (CIPD).
Recent figures from the Office for National Statistics
(ONS) show higher unemployment on both measures
used by government, fewer job vacancies, and static underlying earnings growth. According to the CIPD, this confirms that the
UK labour market cooled further at the start of 2006
.
There was however an increase in the number of people in paid work, but this was due almost entirely to
more temporary jobs and self-employment
, which suggests that employers remain cautious about hiring, said the CIPD's Chief Economist John Philpott.
Dr Philpott said: "Demand for labour remains subdued.
Manufacturing is still shedding jobs at a steady rate and the level of vacancies has fallen
in sectors that were until recently the mainstay of employment growth - hospitality and retail, health, education and public administration and construction.

The VIs have been chanting their mantra that higher employment and lower IR are underpinning the market. Well, it looks like they are wrong doesn't it? Employment is deteriorating and IR are moving up--even Nationwide hiked mortgage rates yesterday. So what's keeping the bubble intact now? Hot air?

Edited by Realistbear

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I wonder how many of the new 'self employed' are people who have been suckered in by Sarah Beeny et al and are now 'property developers'.

Or BTLers hoping that IR don't rise or employment drop off reducing the pool of renters able to pay anything, let alone high rents.

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Hi,

'Self employed' in Gordy's Alice-in-wonderland economic miracle and unemployment stats means, for many I suspect, casual worker that forfiets the right to any state help. But you still have to pay for it. And then he can go off and crow to the EU about British full employment compared to Euro-slackers, not mentioning the 4 million or so on incapacity benefit or the armies of our 'self employed' entrepenuers, who probably could be classified as unemployed for periods of each year.

Edited by boom_and_bust

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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