New labour market data were out earlier today, covering all the headline estimates for Scotland and the UK.
These showed that the Scottish unemployment rate hit 3.7% in the three months to October 2019, down -0.3% points on the three months before and down -0.1% on a year before.
Meanwhile the employment rate hit 74.5%, down -0.4% points on the three months before and down -0.5% points on a year ago.
In this blog we pull out a few important points from today’s data.
Earlier this week the Director of the Fraser of Allander Institute Graeme Roy delivered a talk to the David Hume Institute on the subject of Scotland’s population; specifically how demographics have shaped our country, and the challenges they present in the future.
You can see Graeme’s slides, and the associated text below.
You can download the slides in PDF format here.
You can download this PDF here.
New labour market data were released this morning showing that the Scottish unemployment rate (16+) is now 4.1%, and the employment rate (16-64) is now 74.3%.
This means that there has been an increase in unemployment of 0.8%-points in the three months to August, and that the employment rate fell by 1.4%-points over the same period.
To put this into context, the increase in the unemployment rate is the biggest three month increase in four years.
This means that there are 20,000 more people unemployed in Scotland, and nearly 60,000 fewer people in employment, than earlier in the year.
At the same time the UK unemployment rate rose slightly to 3.9% (up 0.1% pts relative to the three months before) and the employment rate fell slightly (down 0.2%-pts) to 75.9%
In this blog we run through the main conclusions from these data.
New data on the health of Scotland’s labour market was released this morning. These provide an update on key indicators like unemployment and employment. In this blog we highlight the key features of these data and highlight some interesting trends.
One of the interesting features of the Scottish economic data landscape is that both the Scottish Government and the ONS produce their own separate measures of economic growth for Scotland.
Recently we got some new National Accounts data from the Scottish Government as well as new data from the ONS for GVA growth across the devolved nations and English regions.
With two different datasets on economic growth in Scotland being released relatively close to one another, it’s possible to see whether or not they tell the same story, and if not, why not?
