Wednesday, February 17, 2010

Ministers playing down effects of underemployment

Commenting on today’s figures from the Office for National Statistics showing a sharp rise in underemployment during the recession, Liberal Democrat Shadow Work and Pensions Secretary, Steve Webb said:

“Ministers are guilty of playing down the impact of the recession on working people by ignoring underemployment.

“While labour market flexibility has prevented an explosion in unemployment during this recession, one in 10 people who want more hours can’t find enough work. This can have a devastating financial impact on them and their families.

“We need to invest in a green jobs package which will support the economy now and build our infrastructure for the long-term. Cutting spending while the economy remains fragile would be a big mistake.”

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