Scottish job market holds steady

Official figures published today show that the UK employment rate stands at 76.1% – the joint-highest on record since comparable records began in 1971. Scotland’s employment rate stands at 75.4% – a figure unchanged on the last quarter – though unemployment did increase slightly over the same period.

Andrew McRae, the FSB’s Scotland policy chair, said: “These figures show that Scotland’s employment market is just about holding steady. But a no-deal no-transition Brexit in a matter of weeks risks an economic breakdown and puts at risk those Scottish smaller firms that are so vital to generating and sustaining jobs.

“FSB has urged the UK government for budgetary measures to buy smaller firms some much needed breathing space this autumn. While the priority is to avoid a chaotic Brexit outcome, government at all levels must avoid new pressures on business at this critical point.”