Overview of the labour market [December 2001]

Richard Marsh

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Abstract

The majority of the Scottish labour market indicators clearly suggest that the labour market is cooling. Temporary employment during the Christmas period may help cushion this effect but a significant increase in unemployment is likely to occur from January onwards. Although many of the indicators are currently moving in a negative direction, they compare favourably to their position in the same period during the previous year. The figures for those economically active are also encouraging, when individuals move from employment there is a risk that they may leave the labour
market altogether (at least on a temporary basis). The seasonally adjusted LFS figures suggest that the level of those economically active has at least remained stable despite the slack now appearing in the labour market.
Original languageEnglish
Pages (from-to)25-27
Number of pages3
JournalQuarterly Economic Commentary
Volume26
Issue number4
Publication statusPublished - Dec 2001

Keywords

  • Scottish labour market conditions
  • employment patterns
  • Scotland
  • unemployment

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