Quality of employment, not quantity, is what matters

Job vacancyDavid Cameron has outlined his plans for the UK to become a nation of ‘full employment’. However, ‘full employment’ was also the aspiration, although never a formal target, of the previous Labour Government.

In a series of policy reviews in 2006 and 2007, including the Leitch Review of Skills, ‘full employment’ was defined as an 80% employment rate – which the then Secretary of State for Work and Pensions, Peter Hain, described as achievable “within a generation.”  At the time, the UK employment was around 73% – it is now back up to this rate, according to the latest Labour Force Survey for October to December 2014. Continue reading