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SCC Comment on Labour Market Statistics

[ 11-12-2018 ]

SCC Comment on Labour Market Statistics

 

  • Unemployment: Scotland’s unemployment rate down by 0.4% from the last quarter to 3.7%, lower than the overall UK rate of 4.1%.
  • Employment: 0.1% decrease in the employment rates estimate for Scotland which places Scotland's employment rate (75%) below that of the UK as a whole (75.7%)

 

Commenting on the latest ONS labour market statistics for Scotland, Liz Cameron OBE, Director & Chief Executive, Scottish Chambers of Commerce, said:

 

"Today's labour market statistics are good news for the Scottish economy, with unemployment at a record low. The employment rate is below that of the UK as a whole but remains resilient in what is, a difficult economic environment.

 

"Businesses across the country continue to find it a challenge to find the right skills at the right time, and the sustained period of political uncertainty is exacerbating this stubborn economic challenge. The primary policy of importance to businesses right now is an immigration and skills policy that reflects the economic need in Scotland.’’

 

“It is critical the UK Government keep their eyes on the economic prize and design a talent policy that will foster, not hinder, business growth.”

 

ENDS

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