UK 'underemployment' is worse now than during the great financial crisis of 2008

Apr 24 2018 by Business Insider

 

Unemployment is at record lows. But "underemployment" — the phenomenon of people stuck in badly paid part-time jobs who cannot get full-time work — remains higher now than during the 2008 crisis. That is more evidence that the role of dole-claiming unemployment has been supplanted by the gig economy.


LONDON — At just 4.2%, unemployment in the UK is at its lowest level in decades. It should be the best of times.

Technically, the economy is at "full employment," meaning that anyone who...

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