The provided graph presents a comparison of employment rates in the Public sector, Private sector, and Self-employed sector in the UK economy from 2000 to 2010.
Overall, the graph illustrates significant changes in the employment rates across the public, private, and self-employed sectors over the decade. The public and self-employed sectors experienced notable increases in employment rates, whereas the private sector witnessed a substantial decrease. Additionally, the public sector surpassed the private sector in terms of employment rates by 2010.
The employment rate in the private sector started around 24% in 2000, declined to below 22% in 2003, peaked at nearly 24% in 2007, but sharply dropped to 20% in 2009, ending at a slight increase to 21% in 2010. On the other hand, the self-employed sector’s employment rate remained relatively stable, starting at around 12% in 2000 and gradually increasing to approximately 13.5% in 2010, with minor fluctuations throughout the decade.
In contrast, the public sector’s employment rate began slightly below 20% in 2000, peaked at nearly 23% around 2005, and ended with only a slight decline to just above 22% in 2010. The public sector consistently had the highest employment rate among the three sectors, reaching over 50% in 2010, marking the peak level of employment rate during the entire period.