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Scottish unemployment falls but benefit claimants rise

Category: Invoice Factoring — Paul Morgan on April 20, 2012

The latest figures from the Office for National Statistics (ONS) have shown that the number of unemployed people in the country has fallen in the first three months of the year.

The ONS data shows that unemployment in the country fell to 219,000 in the three months to February, a drop of 12,000.

It means that the jobless rate in Scotland is now 8.1%, below the national average of 8.3%. This is largely supported by lower jobless rates in youth and female employment, though both are on the increase.

There are still 4,000 more people out of work than in the same period last year though. A further 900 also started claiming Job Seeker’s Allowance, pushing the total figure to 143,800, more than 5,000 above the March 2011 total.

The news was welcomed by the Scottish Secretary Michael Moore, who said:

“We can be hopeful this is a sign that the Scottish labour market is stabilising…”

Alluding to the still challenging times that business in the country faces though, he went on to say:

“…but there is clearly still a big challenge ahead to bring down unemployment … and there is absolutely no room for complacency.”

Generating jobs is something that government and business leaders are trying to tackle, with many finding expansion and acquisition still possible. Having cashflow in place for this is increasingly being achieved through invoice factoring.

It is having plans like this in place which will help progress, whilst engaging with graduates more is an area the Scottish Chambers of Commerce is eager to focus on.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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