UNEMPLOYMENT in Scotland has fallen to a record low, according to the latest figures.
Data from the Office for National Statistics (ONS) showed that the unemployment rate for those aged 16 and over was 3.1% between May and July.
This was down on the period between April and June this year when the unemployment rate was 3.2%, and is the lowest level since records began in 1992.
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It was also below the unemployment rate across the UK, where it was 3.6%.
The employment rate for those aged 16 to 64 in Scotland was 75.2% between May and July, which was 0.3% down on the previous quarter.
This was below the UK-wide employment rate of 75.4% for that age group.
How is the energy crisis affecting your business?
Energy prices are skyrocketing across the UK, with the price cap set to hit more than £3500 in October. But a lesser told story is the effect soaring energy bills can have on small businesses. Many firms in Scotland are likely to be forced out of business as rising costs make it unviable. If your small business is going through tough times thanks to sky-high energy bills, let us know.
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Callum Baird, Editor of The National
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