Record Number of Scots in Work
January 21, 2016
An unprecedented number of Scottish people were in employment towards the end of last year, according to the latest official figures on the subject.
The Office for National Statistics (ONS) reports that between September and November 2015 there were 2,631,000 men and women in work across Scotland.
The figure represents an increase of 21,000 in the number of employed Scots as compared with the previous three months and an estimated 74.9 per cent of people throughout the country are now believed to be in work.
Scotland is currently able to boast the highest rate of employment of any of the four countries that make up the UK, with its overall employment rate having reached levels not seen since records began in 1992.
“I am very pleased to note this month’s figures, which reinforce the positive longer-term trends in Scotland’s labour market,” said Rosenna Cunningham, cabinet secretary for fair work, skills and training.
“Employment has continued to rise and unemployment to fall – with more Scots in work than ever before. Youth employment figures continue to be strong, out-performing the UK statistics.
“However, we are not complacent and we recognise that a number of significant challenges remain beneath these encouraging headline figures.”
Ms Cunningham went on to point out that the economies of Scotland and the UK as a whole are facing some notable “headwinds”.
She referred specifically to the low price of oil and the difficulties this has presented the energy sector, which has long been an important employer and a key driver of growth in the Scottish economy.
“Nevertheless, these figures indicate strong resilience within the Scottish economy and we will continue to channel every power at our disposal into promoting inclusive economic growth and fair work,” she said.
The ONS reports that there were fewer people out of work across the UK as a whole in the three months to the end of November last year than at any point over the past decade. However, the latest labour market statistics also show that wage growth has been slowing nationwide.
If you live anywhere in Scotland and you are having trouble coping with your personal debts then Scotland Debt Solutions can help. Call today to arrange a free consultation.
If you’re worried that the council might take action against you for non-payment of council tax, entering into a Scottish trust deed can be a beneficial step. It stops legal action by all creditors included in the arrangement, and provides a ‘safe haven’ from which to regain control of your finances. As council tax arrears […]
A debt payment programme (DPP) remains on your credit file for six years, along with other default markers and court judgments that have been made against you. This can seriously affect your ability to borrow for this period of time, and longer. Even if you can secure borrowing, lenders are only likely to offer unfavourable […]
If you owe a debt of £5,000 or less, your creditor may send you a Simple Procedure Notice of Claim. This is a relatively new procedure that was brought in by the Scottish government and commenced on 28th November 2016 – their intention being to make it easier to resolve debt disputes. So if you’ve […]
A Bankruptcy Restriction Order may be made against you if it’s believed that you acted dishonestly, recklessly or unlawfully before you were made bankrupt, or during your bankruptcy. Your Trustee will inform the Accountant in Bankruptcy (AiB), and if their suspicions are upheld, a BRO of 2-15 years can be made depending on the seriousness […]
Debt payment programmes (DPPs) are an intrinsic part of the Debt Arrangement Scheme, which allows you to pay off unsecured debt at an affordable rate. If a debt payment programme is rejected by one or more creditors, the DAS Administrator can apply their discretion on whether to approve the plan, after using a test to […]
If you’re struggling to pay your unsecured debts, a debt payment programme could help you to regain control of the situation, and become financially stable again. Debt payment programmes are a fundamental part of the Debt Arrangement Scheme (DAS) in Scotland, and allow you to repay over a longer period of time. These programmes involve […]