There was more economic good news this week with the National Institute for Economic and Social Research confirming that growth is back to where it was in 2008, just before the financial crisis. For many childcare providers, this will come as a relief.
A growing economy that is creating jobs should mean more demand, less under-occupancy and a better chance of survival. However, a significant minority of the jobs being created are too insecure to be relied upon.
One of the most interesting features of the jobs recovery has been the growth in self-employment. Four out of five of the new jobs that have been created since 2008 are in self-employment. In large parts of the country, employee jobs are continuing to fall, and only self-employment is filling the gap. For example, in the North West, 62,000 self-employed jobs were created between 2008 and 2013, while 44,000 employee jobs were lost.
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