Scotland's employment rate reaches a record high


According to recent data, Scotland's employment rate reached a record high in the final three months of 2022.

According to estimates from the Office for National Statistics, 76% of people between the ages of 16 and 64 had a job between October and December of the previous year.

The employment rate in the UK as a whole is 75.6%, which is a 2.4 percentage point increase over the figure for the same period in 2021.

According to statistics, pay is increasing at the fastest rate in more than 20 years.

But it continues to fall short of keeping up with rising costs.

According to the ONS Labour force survey, 20.7 million Scots who were over 16 had jobs by the end of 2022.

The number of people who are "economically inactive" or unemployed has slightly decreased.

Over 16s who are unemployed make up about 93,000 (3.3 percent), which is 19,000 fewer than from October to December 2021 and about 5,000 fewer than the previous three months.

Additionally, 717,000 (20.8%) people between the ages of 16 and 64 were not employed, which means they were unable to find a job within the next two weeks or had not looked for work in the previous four weeks.

This number has decreased by 58,000 (1.8% percentage points) from the same time last year.

Richard Lochhead, the minister of employment, praised the high employment rates for women and those aged 16 to 64.

He noted that despite the challenging economic conditions, such as the ongoing effects of Brexit, high inflation, and the cost-of-living crisis, "the employment rate in Scotland remains high.".

Mr. Lochhead added that there were still issues with hiring in some industries.

The Scottish government is making every effort to collaborate with businesses and organizations to help alleviate them, he claimed.

The UK government has significant authority over immigration, visas, and important aspects of employment law. I continue to urge UK ministers to form a joint taskforce on labor market shortages.

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