Since the monthly figures can jump about, Simon Kirby at National Institute of Economic and Social Research crunched the rolling three-month averages to confirm the underlying picture.
Total employment peaked around 29.5m in April 2008, he said, when the UK had entered the recession but jobs cuts were yet to hit.
The latest data indicates the UK is now some 426,000 roles off that level, he said. But that figure hides the reality of Britains changing jobs market.
The number of full-time jobs is 864,000 below its peak, according to his calculations, since the net job creation has been overwhelmingly confined to part-time roles.
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People are not embracing the reduced hours by choice - 1.2m are working part-time because they could not find full-time jobs, the highest total since records began in 1992, the December data showed.
Looking ahead, analysts think the employment situation will cut worse before it improves, as government cutbacks hit the public sector and slow wider economic growth.
NIESR expects unemployment to climb from the current 2.5m mark to 2.8m.
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