Employment expected to rise by 400,000 in 2013

Private businesses will create 3.1m more jobs by 2019, the OBR says. Credit: PA Wire

George Osborne says employment is expected to rise by 400,000 in 2013. Unemployment is forecast to fall from 7.6% this year to 7% in 2015 and 5.6% by 2018.

The Office for Budget Responsibility forecasts that private businesses will create 3.1 million more jobs by 2019, more than offsetting reductions in public sector workforce.

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