STUC on GDP and Labour market statistics

July 17th 2013

Commenting on the latest labour market and GDP statistics published this morning, Grahame Smith, Scottish Trades Union Congress (STUC) General Secretary said:

“Today’s news, although mixed, supports the STUC’s view that caution must be exercised when assessing Scotland’s immediate economic prospects.

“Unemployment is now back at the level of autumn last year. It is clear that any nascent recovery is having very limited impact in tackling the stock of unemployment created through the recession. It must be stressed that very long-term unemployment nearly doubled over the year to June.

“Women accounted for nearly all the increase in unemployment over the three months to May with the unemployment rate for women now above the level of two years ago.

“It is more encouraging that Scotland has recorded another quarter of decent GDP growth. However, this growth is even more unbalanced than for the UK as a whole with Business Services and Finance growing five times faster than manufacturing. While another significant fall in construction output is hardly surprising, it does not augur well for the sustainability of Scotland’s recovery”.

ENDS

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