Record 24m jobs in private sector as the state payroll shrinks to its smallest number in a decade

Record 24m jobs in private sector as the state payroll shrinks to its smallest number in a decade Number of private sector workers has jumped by 627,000 in the past yearPublic sector now employs 5.7million compared to 23.9million employed by the private sectorJobless rate falls to 7.8% as 82,000 are no longer unemployed29.6million Britons now have a job – the highest number in historyAverage wage increases 1.8% leaving many worse off with inflation at 2.7%Figures also show 'deeply troubling' scale of long-term unemployment | UPDATED: 23:13 GMT, 12 December 2012 Around 24million people in Britain are working in the private sector, the highest number since records began, the Office for National Statistics said yesterday. Over the past year, the number of private sector workers has jumped by 627,000 – while the number of public sector workers has dropped by 128,000. The public sector is now the smallest it has been for a decade, employing 5.7million – while the private sector has hit 23.9million

Blow for Eurozone recovery hopes as Bundesbank slashes German growth forecast

Blow for Eurozone recovery hopes as Bundesbank slashes German growth forecastBundesbank prediction is down one per cent from JuneThe German central bank expects a 0.4 per cent growth in 2013, down from 1.6 per centNews preceded U.S. unemployment fall to 7.7 per cent | UPDATED: 22:41 GMT, 7 December 2012 The German economy could slam into reverse this winter as the crisis in the eurozone intensifies, the country’s central bank warned yesterday