It looks like there will be less singing on for the Scots. Figures for unemployment are going down in the country. Indeed, there was a significant increase in permanent job recruitment in Scotland last month, which is actually the “strongest labor market conditions for more than three years,” according to a survey carried about by the Bank of Scotland, “based on a monthly survey of more than 100 recruitment and employments consultants.” As well, this now marks the seventh consecutive month of job vacancy increase.
Unemployment rates have actually been witnessing quite a steady drop in Scotland. Between December and February the drop was 7,000, resulting in the figure sitting at 219,000. The number of people in an employed capacity has now reached nearly 2.48m.
More Money in Pockets
Of course, these figures are great for Scots. Indeed, there was a substantial rise in salaries across Aberdeen and Edinburgh which has to make the people there happy. Clearly analysts are using this information to point out the country’s economic recovery, especially following the “the weather-induced slowdown of winter.”
While of course this is great news, there is still the fact that Scottish unemployment figures are slightly higher than their UK counterparts. But in fairness, that is to be expected. It is rarely the case that Scotland has a better employment rap than its English neighbors. But as Secretary of State for Scotland Michael Moore noted, “these figures cover the period when the severe winter was hampering Scotland’s economic activity, so it is heartening that we have still seen unemployment falling and employment rising.” The fact that there has been a substantial reduction of those claiming Jobseeker’s allowance is encouraging.
UK Helps Scotland’s Job Creation Scheme
The government of the UK last month committed to putting into practice efforts to assist in the creation of additional private sector jobs in Scotland with a reduction in corporation tax, National Insurance contributions and regulations. These practices will work alongside additional lending from banks to Scottish companies in the need. This for sure will (and has) helped advance job creation in Scotland.
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