Bussiness
Scottish unemployment rises to 4.7% according to latest statistics
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
Unemployment is up 0.4 percentage points on the previous quarter
ALAMY
1. Scotland’s unemployment rate increased to 4.7 per cent between February and April, according to the latest labour market statistics.
Data from the Office for National Statistics and HM Revenue and Customs labour market statistics shows unemployment was up 0.4 percentage points on the previous quarter. The UK unemployment rate was 4.4 per cent.
Just over 73 per cent of 16 to 64 year olds in Scotland were employed, and 23.2 per cent were classed as economically inactive and not looking for work.
Kate Forbes, the deputy first minister, said the government was investing more than £5 billion to grow the economy between 2024 and 2025.
She added:
Meta Platforms, Inc. (META) to Build AI Data Center in Louisiana, Project to Consume 30% of State’s Power Supply
Saquon Barkley on Giants’ releasing Daniel Jones: ‘It sucks to see how everything went down’
Netherlands beat Germany to reach first Davis Cup final
NBA one-month awards: MVP, Rookie of the Month, Most Improved & more | The Kevin O’Connor Show
Dustin May and Dodgers agree to 1-year contract worth just over $2 million
Yankees’ Aaron Judge giving Juan Soto ‘space’ to make free agency decision
Five-star QB Bryce Underwood flips from LSU to Michigan
49ers QB Brock Purdy, DE Nick Bosa out for Week 12 game vs. Packers
49ers QB Brock Purdy did not practice on Friday, putting Week 12 status in question
