Odd Jobbing from Larry Elliott

The Guardian has managed to turn a leaked Treasury PowerPoint forecasting lower unemployment  into a 1.3 million public sector jobs losses front page story. Larry Elliott, who really does know better, has ignored the same PowerPoint’s prediction of 2.5 million job gains in the private sector, giving a net gain of some 1.2 million jobs (as illustrated by the above chart). The Guardian chose not to front page the headline that the Treasury predicts 1.2 million job gains…

The Office for Budget Responsibility is equally clear in its forecast of lower unemployment

We expect employment to stabilise this year and to start rising in 2011. The ILO unemployment rate is expected to peak at just over 8 per cent in 2010, before falling gradually throughout the forecast period, to just over 6 per cent in 2014. The claimant count continues to decline, from 1½ million in 2010 Q1 to just over 1 million by the end of 2014 (Chart 3.12).

What is obvious to everyone is that the bloated public sector payroll is going to fall and a recovering private sector is expected to take up the slack. Larry has managed to set the news agenda today only by ignoring the whole story.  The loss making Guardian is of course the house-paper of the public sector, with pages full of advertisements for non-jobs.

The Guardian’s advertising revenues will be hit incredibly hard, to the tune of hundreds of millions pounds, by the public sector hiring freeze and the coming shift of public sector job advertising from their printed pages onto jobs.gov.uk.

A cynic might wonder if that perhaps helps to explain the paper’s editorial stance…



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

Adam Boulton says David Cameron campaigned as a neo-Thatcherite…

“The manifesto programme, with its sell-off of social housing, clampdown on public sector strikes, EU in/out referendum and benefit cuts, represents a much more traditional, neo-Thatcherite conservatism than that offered by Cameron Mk 1…”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Burnham’s Paul Smith Suits Burnham’s Paul Smith Suits
FLASHBACK: You Are Subsidising Andy Burnham’s Property Portfolio FLASHBACK: You Are Subsidising Andy Burnham’s Property Portfolio
Arise, Sir Eric! Arise, Sir Eric!
ENERGY MINISTER TOTTY WATCH CONTINUED ENERGY MINISTER TOTTY WATCH CONTINUED
Stella Grills Dimbleby on Sexuality Stella Grills Dimbleby on Sexuality
New Select Committee Chair Allocation in Full New Select Committee Chair Allocation in Full

Miliband: Don’t Move to the Centre Miliband: Don’t Move to the Centre
Insta-Bunga! Insta-Bunga!
GREEN PAEDO RING RUMBLED GREEN PAEDO RING RUMBLED
BIONIC MAN CONTROLS TWO ROBOTIC ARMS WITH HIS MIND BIONIC MAN CONTROLS TWO ROBOTIC ARMS WITH HIS MIND
TECH NOSTALGIA: LYCOS SELLS ITS PATENTS TECH NOSTALGIA: LYCOS SELLS ITS PATENTS
BIN LADEN PLANNED JIHAD ON CLIMATE CHANGE BIN LADEN PLANNED JIHAD ON CLIMATE CHANGE
CAMERON’S UBER PALS SQUARE UP AGAINST BORIS CAMERON’S UBER PALS SQUARE UP AGAINST BORIS
Andy Burnham: “I Would Follow David Moyes Textbook” in Office Andy Burnham: “I Would Follow David Moyes Textbook” in Office
BBC CLIMATE FORECAST THREE YEARS OUT OF DATE BBC CLIMATE FORECAST THREE YEARS OUT OF DATE
UKIP Latest: Suzanne Speaks UKIP Latest: Suzanne Speaks
24 Hour Drinking: “The Best Thing the Labour Party Ever Did” 24 Hour Drinking: “The Best Thing the Labour Party Ever Did”
Fight! UKIP’s Steven Woolfe v Jean-Marine Le Pen Fight! UKIP’s Steven Woolfe v Jean-Marine Le Pen
Hilton’s Hipsters & High Tories Hilton’s Hipsters & High Tories