Labour Market

Scotland's labour market has demonstrated continued strength despite the challenging economic climate, according to the latest figures. For the period of October to December 2024, the employment rate reached 74.2%, a 0.9% increase over the quarter, although still slightly below the UK average of 74.

Scotland's labour market experienced mixed results in the second quarter of 2024, with unemployment up, despite strong earnings growth. Median monthly pay reached £2,413 in June, a 5.2% year-on-year increase, exceeding UK growth and outpacing inflation.

Scotland's labour market experienced mixed results in the period from February to April 2024, with an increase in unemployment to 4.7%, a decrease in employment to 73.1%, and a rise in inactivity to 23.2%. Ann Frances Cooney, employment partner at DWF, has commented: "The cooling of the labour marke