Scottish Economic Indicators Reflect Positive Growth and Low Unemployment
Tuesday, 13 August 2024, 08:02
Scottish Economic Performance
Scotland's economy is witnessing a notable improvement, highlighted by the rising GDP and the lowest unemployment rate recorded since 2014. The current employment rate is reported at 73.4%, suggesting a diverse and active job market.
Unemployment and Inactivity Rates
- Unemployment Rate: The unemployment rate has reached its lowest level since 2014.
- Employment Rate: Currently stands at 73.4%.
- Inactivity Rate: Estimated at 23.1%, indicating workforce availability.
These statistics are essential for understanding the health of the job market in Scotland. With an upward trend in GDP growth, Scotland appears to be on a stable economic path.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.