Unemployment in Scotland has risen by 4.7% in the last quarter, the latest official figures have shown.
The number of people not in work increased by 19,000 between June and August, to 124,000.
The Labour Force Survey showed there were 10,000 fewer people in work, compared with the same period in 2007.
Jobseekers Allowance claimants rose by 3,100 in one month, to 81,800. The number of people in employment within the three-month period was 2,538,000. The Scottish unemployment rate rose by 0.7% over the quarter, to 4.7%, which is below the UK average joblessness rate of 5.7%.
1. No, unemployment did not increase by 4.7% in the last quarter; it increased to 4.7%.
2. No, the Scottish unemployment rate did not rise by 0.7% over the quarter; it rose by 0.7 of a percentage point.
3 comments:
With you on the first one, but forgive an embarrassed accountant a potentially silly question:
What's the difference between 0.7% and 0.7 of a percentage point?
I'm guessing that a rise of 0.7 of a percentage point to 4.7% means that unemployment rose from 4.0% to 4.7%.
Whereas a rise of unemployment of 0.7% to 4.7%, means that unemployment rose from 4.67% to 4.7%. A 0.7% increase on the original.
When you start taking percentages of percentages, it all stops making sense...
Gotcha.
Thanks for that. I thought I was being incredibly stupid.
Which, to be fair, may have been the case.
Post a Comment