8m 'hidden jobless' could suffer debt problems

There was renewed optimism around the UK jobs market yesterday as new figures showed that unemployment fell for the first time since May 2008.

However, the headline figure masked a continued increase in the number of those described as economically inactive. This figure, dubbed the 'hidden jobless', rose to around eight million in the three months to November – a record high.

The findings also indicated that more than one million people are taking up part time work because they are unable to find a full-time job.

All in all, despite some positive signs, it seems that there is still some way to go for those worried about their employment prospects and the debt problems that could follow a result.

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