Scottish unemployment continues to fall and to remain lower than the UK rate as the Scottish economy grows

Unemployment in Scotland has fallen to 4.4%. The UK rate is 4.6% which, in itself, is a 40-year low. This means there are now 120 000 unemployed, down 48 000 in a year. The Scottish government release also lists these optimistic points:

  • Scotland’s employment rate increased by 0.3 percentage points over the quarter to 74.0%, with the level rising by 5,000. Over the year the rate increased by 0.9 percentage points, with the number of people in work rising by 41,000
  • Scotland continues to perform strongly as regards female participation in the labour market, with the female unemployment rate falling by 0.7 percentage points over the year to 4.2%
  • The youth employment rate was 3.9 percentage points higher than the previous year – 58.7%, with the level rising by 15,000, as 344,000 young people were in employment

Add these figures to some recent good news about business reported here and the Scottish economy is clearly growing more confidently than elsewhere in the UK. See these, in particular:

‘Good news all round’ for Scottish Manufacturing

Scottish businesses showing signs of greater health than those in the rest of the UK

Dramatic gains in Scottish export sector and 15% overall growth in business sector

‘Fewer Scottish businesses failing in 2017’

‘North Sea oil output boost on horizon’ according to Reuters, only three months after we spotted it

https://news.gov.scot/news/unemployment-falls-2

https://www.ft.com/content/8d9fdd00-6b85-3100-b158-adbe3d76c7ff

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