Employment: Job Creation Debate
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Lord Fink
Main Page: Lord Fink (Conservative - Life peer)Department Debates - View all Lord Fink's debates with the Department for Work and Pensions
(8 years, 4 months ago)
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Lord Freud
I am not sure that the noble Lord has caught up with what has been happening in the world in the last year or so, when the developing world has fallen apart.
Lord Fink (Con)
My Lords, what has happened to the pernicious problem of structural unemployment during the time when overall employment has fallen?
Lord Freud
We have seen today a series of records on employment—but the most important part of those is how we are beginning to see real inroads among the people who have been excluded from the economic life of the country. The number of children in workless households and the number of workless households are the lowest on record, and the number of workless households in the social rented sector is the lowest on record. Lone parent employment is at a record high—and an important measure, economic inactivity, is now at the lowest rate since 1991.