Almost all of the jobs that were created after the UK economy emerged from the recession were part time.
Many Britons are taking up part time roles due to a short supply of full time positions.
A massive 97% of the jobs created during the post recession climate were part time, according to The Daily Mail.
The findings, reported by a respected think tank, show that of the 200,000 roles created in the past year just 6,000 paid a full year’s salary.
Described as ‘McJobs’ these limited hour roles have to be accepted by hundreds of unemployed Britons looking to get hold of any sort of pay packet in order to pay their bills.
David Frost, director general of the British Chambers of Commerce, said: “The fact that jobs are being created at all has to be a good thing”.
However, he added that “clearly there’s a lot of nervousness about the future and companies are hiring people on a short-term basis in case the economy doesn’t grow as expected”.
He continued: “When there’s more confidence companies will convert part-time people into full-time employees. If the Government is really serious about getting people into full-time work, it has to back off the relentless tide of employment regulation”.
Many firms are opting to hire part time workers because its cheaper than employing full time staff. They can also save on National Insurance and overtime payments.
Simon Kirby, of the National Institute of Economic and Social Research, agreed that the uncertain state of the economy is partly to blame for why companies have been hesitant to employ full time staff. However, he added that “it’s still a shock that so few full-time jobs have been created. It looks as though we’ve already had our jobs recovery”.
