- Feb 27, 2008
- Reaction score
- Hating Hatters
NOW the cuts are bitingThe increase in unemployment was driven by a large fall in public sector jobs.
In the three months to June, public sector employment fell by 111,000 whilst private sector jobs grew by only 41,000. In other words the private sector only created 1 job for every 2.7 jobs lost in the public sector.
Crucially the three months to June (that these figures cover) saw the start of the new financial year and the beginnings of real austerity from the government. On these numbers, the governments cuts agenda is off to a truly awful start.