Employment in private sector grows
Monday 19th August 2013, 8:00AM BST.
Private firms account for a greater share of employment than at any time since records began nearly 15 years ago, according to an analysis of official statistics.
Private sector employment has jumped by 1.3 million to 24.1 million while the number of public sector jobs has fallen by 423,000, said a Government report.
Last year alone, the increase in private sector employment was almost five times the fall in public sector work, the study found.
Latest seasonally-adjusted figures showed 80.9% of jobs in March 2013 were in the private sector, with the rest in the public sector.
Employment Minister Mark Hoban said: “The cynics claimed the private sector wouldn’t step up to create jobs as we bring public spending under control. These figures show that the cynics were wrong.
“There are now 1.3 million more people working in the private sector compared to when the Coalition took office – that’s three new private sector jobs for every one lost in the public sector.
“The number of people in work has hit record levels, unemployment is f alling and the number of people claiming Jobseeker’s Allowance dropped by 29,000 last month. There’s still lots to do to help those hard-working people who haven’t yet found a job to realise their aspirations, but these are encouraging signs – and a further indication that the economy is moving from rescue to recovery.”