"The Independent's must-read man" - Daniel Finkelstein
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Nearly a million jobs in private industry and commerce have been lost in just 15 months, the latest unemployment figures showed yesterday. But the full impact of the recession has been shrugged off in the public sector, which has seen a boom of over 300,000 in recruitment of bureaucrats.
That "recruitment of bureaucrats" consists mostly of the nationalisation of Lloyds and Royal Bank of Scotland a year ago, which added 230,000 to public sector employment figures from June this year. Thus the "nearly a million jobs" lost in the private sector should read "nearly three-quarters of a million jobs".
A more balanced view is offered by taking the long view, over the whole of the New Labour period since 1997. I haven't updated the figures, but last month public sector employment was up 865,000 over 12 years, while private sector employment was up nearly twice as much, 1,516,000 (having fallen back from peak increase in Q2 2008 of 2,405,000).
The Daily Mail might like to look up these sources: 1 (pdf), 2 (pdf), 3, 4 and 5.