STUC Labour Market and GDP Statistics

April 16th 2014

Responding today’s Labour Market and GDP statistics Scottish Trades Union Congress (STUC) General Secretary Grahame Smith said “Today’s figures include some more positive news on the Scottish labour market but confirm that recovery remains very slow. As some focus on the level it is important to stress that the employment rate – a significantly more accurate measure of the health of the labour market - remains fully 3.5% below its pre-recession peak.

“Youth unemployment continues to stagnate at a high level with the unemployment rate for 16-24 year olds falling by only 0.1% in the year to December. We also know that far too many of the jobs that are being created are low paid and insecure whilst the number of those needing more hours at work to make a decent living remains far too high.

“STUC is not unduly concerned by the fact that Scottish GDP growth in the last quarter of 2013 was much lower than for the UK as a whole. We expect growth to catch up in the subsequent quarter. Far more concerning is the overall lack of evidence of economic rebalancing in Scotland and across the whole of the UK.”

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