UK Employment Analysis

So, in line with the Calculated Risk analysis from my previous post, the graph below shows recovery from the last three UK employment recessions, with the current employment recession shown in red. Click on the graph for an easier to read version. A couple of points:

1) I couldn't get hold of UK employment data by quarter prior to 1978, and

2) This employment recession doesn't factor in the impact of the UK public sector job cuts, just the drop in private sector employment from 2008 to date. The public sector hasn't been cut as yet, but the evil lizard Tories will be announcing their comprehensive spending review tomorrow which will set out the full extend of the upcoming public sector job losses.

PWC stated last week that half a million public sector jobs could be cut, with an equal number of private sector jobs in related industries going as well. Joy...