That is despite more than three-quarters of graduates in the sector being female.
Barack Obama vowed to eliminate the possibility of the financial sector being too big to fail.
Local government provided more than half of the public sector jobs, with the biggest sector being transportation and warehousing, including operators of mass transit systems.
The commission intends to have a broader focus than the government's investigation into fair pay in the public sector being headed by Observer columnist Will Hutton.
The composition of the workforce differs, with about 66% of employees in the public sector being female, compared with 42% in the private sector.
The US economy is not very strong, with the manufacturing sector being hurt by a stronger dollar and faltering global demand.
At his regular press briefing on Monday, Jay Carney, the White House press secretary, chided the press as failing to put the president's comments about the private sector being "fine" in the proper context compared with the public sector.
If the government fails to act decisively, allow effective integration and redress the imbalance in funding and profile between health and social care, then we risk the sector being brought to its knees.
With forecasts of fourth-quarter earnings gains for the technology sector being slashed, the turbulence no longer seems to be the result of one-off or company-specific problems.
For many charities, the fear that local authorities would turn off the easiest taps – the non-statutory spend to charities – came true, with spend in the voluntary sector being highly vulnerable to local authority cost-saving measures.
In a note to clients, it warned that shares in the housing sector have risen by a fifth since October, due to the sector being undervalued - and more recently the hope of cuts in interest rates.
