Headline trends paint a relatively mixed picture of Scotland’s labour market. Employment remains close to record highs but the fall in unemployment can be explained by a rise in inactivity rather than new jobs. Heightened global uncertainty since the EU referendum and the US election, coupled with rising inflation, make the next 18 months or so a critical time for Scotland’s labour market.
Authors
The Fraser of Allander Institute (FAI) is a leading economy research institute based in the Department of Economics at the University of Strathclyde, Glasgow.