Unemployment at Record Low
12 July 2017
Unemployment rate falls in Scotland, while employment
Scotland's unemployment rate fell to a record low of 3.8% over
the last quarter, down 0.7 percentage points.
This represents a decrease over the year of 1.6 percentage
points and means Scotland's unemployment rate is below that of the
four UK nations, Labour Market Stats for Mar-May 2017, published by
the Office for National Statistics (ONS) show.
The employment rate increased by 0.7 percentage points over the
quarter to 74.1%, and remains the second highest out of the four UK
nations. The inactivity rate decreased over the quarter to
Economy Secretary Keith Brown said:
"These latest figures show our labour market remains resilient
and robust with unemployment now at a record low.
"Our employment rate is also rising, which is good news, and
means 25,000 more people are in employment compared to the last
"When considered alongside the fact that last week's GDP stats
show Scotland's growth rate over the last quarter to be four times
that of the UK, this is further evidence of the strength of the
"It is also encouraging to see that we continue to perform
strongly in female participation, with the female unemployment rate
falling by 1.0 percentage point over the year. Youth unemployment
has fallen from 14% since 2007 and now stands at 8.4% and continues
to be amongst the lowest of all EU countries.
"Although we welcome these figures, we realise there is still
much work to do and we remain focussed on further strengthening the
"While we are doing all we can to support employment, clearly
the biggest threat to Scotland's labour market continues to be the
effects of a hard Brexit, which threatens to cost our economy up to
£11 billion a year from 2030, and 80,000 jobs over a decade.
"As a result of Brexit real wages are falling and households are
seeing their incomes squeezed. This squeeze in living standards
also feeds through to the wider economy, reducing consumer spending
and hurting retail sectors."
Source - The Scottish Government website