Self employment jobs increase to 4.2 million

The employement figures announced yesterday showed a large rise in the number of self employed jobs as a rise of 101,000 took the total to a new record of 4.2 million.Self employment jobs increase to 4.2 millionThe self employment growth is an issue raised in a report by the Chartered Institute of Personnel and Development this week.

“While some of these newly self-employed may make a long term commitment to being their own boss, or at least gain the necessary experience to do so, it’s likely that some would take a job with an employer if only they could find one,” said John Philpott, chief economic advisor to the CIPD.

The ONS said the number of employees and self employed people working part time because they could not find a full-time job had risen 44,000 to 1.31 million, the highest figure since records began in 1992.

David Kern, the chief economist at the British Chambers of Commerce, called the situation “difficult” but said: “Certain aspects are actually more positive than expected. Employment has increased modestly despite the rise in unemployment. This shows the level of inactivity is falling as people return to the labour market and look for work.”

On Tuesday, figures showed that the rate of inflation fell from 4.8% to 4.2% in December, which was seen as increasing the chances of another cash injection from the Bank of England when its current quantitative easing programme ends.

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January 19, 2012 · Home Based Jobs · One Comment
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One Response

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