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Economy defying Brexit woes

Unemployment in Scotland falls below 100,000 for first time

JobCentreUnemployment in Scotland has fallen below 100,000 for the first time and now stands at a record low of 3.6%, according to official labour statistics for September to November.

Across the UK the number of people in work has reached a record high of 32.54 million. Unemployment was flat, with a small increase of 8,000 to a total of 1.37 million (4%).

“The share of the population in work is the highest on record,” said David Freeman, head of labour market at the Office for National Statistics.

“The share of the workforce looking for work and unable to find it remains at its lowest for over 40 years.”

Average earnings excluding bonuses increased by 3.3% in the year to November, as wage rises continued to outpace inflation.

Scottish Business Minister Jamie Hepburn said: “Despite the huge and continued challenges of Brexit, the Scottish economy remains resilient and our jobs market is strengthening.   

“Employment for women and young people in particular continues to be impressive in Scotland as we outperform the UK with a rate of 71.5% for women, higher than the UK rate of 71.2%, and 60.7% for young people, higher than the UK rate of 56.0%. Compared to the UK we have significantly lower rates of unemployment for both women and young people.

“We remain committed to creating the right economic environment for jobs growth however Brexit remains the biggest threat to Scotland’s economic success.”

 

 



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