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One in 10 UK workers has lost a job since the credit crunch

by liamssoft | March 14, 2012 at 07:31 am

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Britain has become a nation of part-time workers with 1.3million people unable to find a full-time post, figures revealed today.

Unemployment has hit a near 17-year high at 2.7million - with the jobless rate rising by a further 28,000 between November and January.

Cost to economy of lay-offs has been £135billion

Official figures revealed the number of people unable to find a full-time job increased by 110,000 to 1.3million - the highest level since records began in 1992.

Nearly 3million have been thrown out of work in the four years since the credit crunch in 2008 In total there are now 6.6million part-time workers in Britain out of a total workforce of 29.1million people.

The burden of under-employment falls disproportionately on women - with female workers making up around two thirds of part-time workers.

The figures from the Office for National Statistics revealed the number of out-of-work women jumped by 22,000 to 1.13 million as overall unemployment hit 8.4 per cent.

Soaring: Unemployment rate rises by 28,000 to hit near 17-year high

Despite a rise in the number of people out of work, the total number of people employed actually increased by 9,000.

Youth unemployment rose by 16,000 to reach 1.04million, a jobless rate of 22.5 per cent.

The figures were released as a study revealed nearly one in 10 workers have been made redundant since the onset of the credit crunch four years ago.

http://www.dailymail.co.uk/news/article-2114763/Unemployment-soars-17-year-high-2-7million-jobless-rate-hits-8-4.html

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soddavidcameron (not verified)

at 10:13 on March 19th, 2012

The point of diminishing returns was passed long ago and the financial wizards in politics haven't cottoned on! There comes a point where damage to the economy is only magnified by taxation and we are seeing it now through job losses, spending cut backs etc, etc ,etc, and the result is the tax take gets less and less and the burden on it via people forced on to benefits increases. We are the most over- taxed country in the world, if you are not rich enough to avoid it of course!

cameronbullshit (not verified)

at 10:09 on March 19th, 2012

To buy £24 worth of fuel, if you include Excise duty, VAT, Income Tax and NI, I need to earn £104. So to fill my car up for a weeks commute to work, I have to earn £174 and pay a total of £134 in tax. I wish more people realised how much tax IN TOTAL we pay before being grateful for a few scraps being thrown back to us by the government.