Scotland’s Unemployment Rate Hits Record Low
Scottish Chambers of Commerce – Director Recruitment
13/03/2023Spring Budget 2023: Chancellor Overhauls Pensions, Benefits And Childcare In Push For Growth
15/03/2023Scotland’s Unemployment Rate Hits Record Low
Scotland’s unemployment rate has hit a record low, according to new figures.
The Office for National Statistics found that 3.1% of working-age adults in Scotland were looking for work between November and January.
It also found that the average regular salary has risen by 6.5%. But with rising prices, the real spending power of average pay has fallen in the past year by 2.4%.
The figures show that Scotland has lower unemployment and higher employment than the rest of the UK.
A total of 88,000 were looking for work during the three months to the end of January – 3.1% of the working-age population.
The unemployment rate hit a similar low between May and July 2022.
The number of people available for work increased, mainly due to young people entering the workforce.
