Part-Time Student Jobs Cut Britain’s Unemployment Rate
London, England, United Kingdom (AHN) – Employment in Britain went up by 286,000 for the second quarter of 2010, bringing the country’s unemployment rate down to 7.8 percent. The rise was mainly triggered by a record hike in students getting part-time jobs, according to data from the Office for National Statistics.
Because of the increase in part-time employment, part-time workers now comprise 27.2 percent of the workforce, the agency said, up from 25.4 percent in mid-2008. About 166,000 part-time jobs were created in Q2.
But labor experts are alarmed by the rise in part-time employment because it is an indicator that companies are still hesitant to employ people on a full-time basis, which is a barometer of the sustainability and long-term strength of Britain’s recovery.
They expressed apprehension that the private sector could not generate sufficient number of jobs in the next five years to make up for the 600,000 jobs expected to be lost in the public sector because of government budget cuts.
The agency also reported that the number of Britons claiming unemployment benefits went up in August by 2,300 to 1.47 million. There are fears the rise in unemployment claimants could undermine the coalition government’s austerity budget.
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