(10 years, 9 months ago)
Lords ChamberI absolutely endorse the work of the technical colleges and my noble friend Lord Baker. If we are looking at how to continue to improve the employment situation, on the one hand the recovery of the economy is providing the demand to support it; on the other hand, there are longer-term, structural things that we need to do, which are essentially about investing in people so that the skills they have match the jobs that will be created in the competitive economy that we are developing.
My Lords, although the OBR’s estimate for future employment is clearly very welcome, it slightly exaggerates the picture. I ask the Minister to check why the Government no longer produce employment statistics on a full-time-equivalent basis, which would show some improvement but by no means so much. In that context, can he explain how we rate the employment take of the many young people who are on zero-hours or near-zero-hours contracts? The figures are seriously distorted, particularly at that end of the market.
Employment statistics are not as simple as the headline numbers. I absolutely accept that point. There has clearly been a discussion about how much of the increase in employment is taken up by temporary jobs and how much is taken up by part-time jobs. The simple fact is that the majority is taken up by an improvement in the full-time picture. In the past year, the proportion of full-time jobs making up the increase has substantially increased, and that tells us that the quality of the recovery in the past 12 months is stronger.