Wednesday 16 August 2017

Record high in Scottish employment


Unemployment and inactivity falls over the quarter

More people in Scotland are in work as the latest jobs figures show an increase in employment to a record high and a fall in inactivity.

Scotland’s employment rate increased by 1.1 percentage points to 75.2% over the quarter, meaning 30,000 more people in employment, according to the Labour Market Statistics for April to June published by the Office for National Statistics (ONS). There are now 2,650,000 people in employment in Scotland - 86,000 more than the pre-recession peak and above the UK rate.

Over the quarter, the inactivity rate fell 0.7 percentage points to 21.8%. The unemployment rate fell over the quarter to 3.9%, below the UK figure of 4.4%

Economy Secretary Keith Brown said:

“These latest figures show continued resilience in our labour market with 30,000 more people in work compared with this time last year and the unemployment rate falling by 1.2 percentage points over the year. The employment rate has risen to 75.2%, its highest on record, with more people in employment than ever before, while the unemployment rate of 3.9% is close to record lows.

“This is a further vote of confidence in our economy, coming after GDP figures showing Scotland’s growth rate was four times faster that of the UK over the last quarter, and recent reports of accelerating growth across the private sector.

“It is also encouraging to see that we continue to perform strongly in female participation, with the female unemployment rate falling by 0.9 percentage points over the year to 3.6%. Scotland’s female unemployment rate continues to be lower than the UK rate. Youth unemployment has fallen from 14.6% since 2007 and now stands at 8.4%, and is now among the lowest of all EU countries.

“These figures are encouraging but there is much still to do. A hard Brexit would cost our economy up to £11 billion a year from 2030, and 80,000 jobs over a decade. The Scottish Government will continue to do all that we can with the powers available to us to grow our economy, protecting and creating jobs.”
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