Commenting on publication of the latest set of labour market statistics for Scotland, Grahame Smith, Scottish Trades Union Congress (STUC) General Secretary said:
“Today’s figures reveal another significant rise in Scottish unemployment which now stands at 8.4%; 0.6% above the UK average. STUC analysis of official data published today shows long-term youth unemployment rising at an average of over 30% across Scotland. ‘Underemployment’ is also increasing rapidly.
“These figures were published as the Bank of England revised down its growth forecast. It is difficult to identify any grounds for optimism with both internal and external demand evaporating, growth at 0% in Scotland during the first quarter of 2010 and ongoing problems with the flow of credit. The forthcoming massive cuts in public spending and the ongoing decline in real wages means that the prospects of a sustainable demand led recovery are as distant as any time since the financial crisis of 2008.
“The coalition government needs to urgently reconsider the measures announced in its June Budget which will consign the Scottish economy to years of low growth and high unemployment. There is also a desperate need for targeted support and job creation for the long-term unemployed”. ENDS
Stephen Boyd 0141 337 8100