Magazine article Public Finance

Numbers Game

Magazine article Public Finance

Numbers Game

Article excerpt

Public sector employment fell again in the first quarter of 2013 - by 22,000 - although this was more than matched by the 46,000 increase in the number of people employed in the private sector.

This pattern - of two private sector jobs being created for every one lost in the public sector - has been continuing for some time as the government tries to rebalance the economy.

Between March 2012 and March 2013, private sector employment grew by 708,000 compared with a 308,000 fall in public sector employment. However, these figures are affected by the reclassification of further education and sixth-form colleges from the public to the private sector.

Excluding the reclassification, public sector employment is shown to have fallen by 112,000 over the year to March, while private sector employment has grown by 544,000.

Public sector employment now stands at 5,697,000, with local government having taken the biggest hit Employment in local authorities fell by 26,000 over the quarter to reach 2,497,000. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.