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Overview of the labour market [March 2013]

Lockyer, Cliff (2013) Overview of the labour market [March 2013]. Fraser of Allander Economic Commentary, 36 (3). pp. 38-45. ISSN 2046-5378

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Inevitably interest in the Scottish labour market continues to focus on the trends in employment and unemployment and again we return to these themes. Concern is increasingly focusing on the rise in underemployment and the productivity puzzle - why has employment performed better in this recession, whilst the fall in labour productivity is larger and more persistent than in previous recessions. In addition the UK Government proposals reform public sector terms and conditions of employment continue to emerge as do a number of previously heralded changes to employment.