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NOW the cuts are biting – and the figures are terrible

The private sector is creating only 1 job for every 2.7 lost in the public sector

Today’s unemployment figures are shockingly bad (pdf).

The 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 government’s cuts agenda is off to a truly awful start.

Duncan Weldon is senior policy officer at the TUC and blogs at Touchstone.

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