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VeryMeanReversion

So Much For Public Cuts

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from http://news.bbc.co.uk/1/hi/business/8258405.stm

"Government spending to stimulate the economy boosted employment in the public sector by 13,000 in the three months to June, the figures showed."

"This contrasted with a 230,000 fall in private sector workers over the same period, the ONS said."

So government is still adding jobs, even with a 13% deficit. It's not going to end well, is it.

I wonder if we would be better off with Baldrick in charge.

VMR.

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Anyone know what percentage of the working population are employed in the public sector compared to the recession in the early nineties? Add the last decades increase in public sector employment onto the jobless total and that would give you some idea of what the real unemployment figure should be. At the moment we are running up a massive public spending deficit to keep the jobless figures down. The media are stating that the jobless total is now as bad as the mid-nineties but they are failing to highlight this artificial workforce which is bumping up employment levels.

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