Light shone on UK labour data

DESPITE the flat economy of recent years, the UK’s private sector still managed to create 3.6m jobs in 2011, the most recent year in which figures were available.

While 3.6m jobs were created in the year, 3m were destroyed, helping stop the unemployment rate from deepening. Pre-crisis, four million were created annually, while 3.7m disappeared.

The paper, written for the National Institute of Economic and Social Research, says this reflects fewer new workplaces being set up.