Overview of the labour market [February 2010]

Lockyer, Cliff (2010) Overview of the labour market [February 2010]. Fraser of Allander Economic Commentary, 33 (3). pp. 35-38. ISSN 2046-5378

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Inevitably current interest in the Scottish labour market continues to focus on the trends and patterns in the unemployment figures and again in this issue we note recent changes in Scottish labour market trends. However, realisation that unemployment levels have not risen to anticipated levels or as sharply as in previous recessions prompts a reconsideration of the how the ‘flexible’ labour market has adjusted in the recession.