Wednesday, 20 February 2013

STUC on labour market statistics

Wed 20 Feb 2013

STUC News release:

Commenting on the new labour market statistics for Scotland published today, Grahame Smith, Scottish Trades Union Congress (STUC) General Secretary said:

“Once again, today’s figures make grim reading for Scotland. Although the headline unemployment rate has fallen quarter on quarter the reality is that it is that people are leaving the labour force rather than finding jobs. Employment has now fallen by 40,000 over the last six months and 55,000 more people have become economically inactive. This situation simply cannot be spun into good news.

“This prolonged period of stagnant growth, high unemployment, rising underemployment and falling real wages is the inevitable consequence of the Coalition’s failed economic strategy. Unless the Chancellor introduces a targeted, time limited stimulus in his Budget next month there’s little prospect of a robust demand led recovery taking hold anytime soon."

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