The analysis shows that while unemployment has fallen by over 400,000 since early 2012, under-employment has risen by 93,000. And at 3.4 million the current level of under-employment is over a million higher (46 per cent) than it was before the recession.
The TUC analysis of the Labour Force Survey shows that across the UK the number of people who count as under-employed – people working part-time because they can’t get a full-time job, or wanting more hours in their current job – has increased for both employees and the self-employed.
While there has been a small recent fall in involuntarily part-time work (people working part-time because they can’t get a full-time job), the TUC analysis reveals that a rise in the numbers who want more hours in their existing jobs means that under-employment is still increasing.
The fastest rise in under-employment over the past two years has been among self-employed workers. There has been a seven per cent (36,000) increase in the number of self-employed people who class themselves as under-employed compared to a two per cent rise (57,000) for employees.
Chosen excerpts by Job Market Monitor. Read the whole story at Trades Union Congress – A record number of people are looking for extra hours to top up their wages.