For the year to December 2012, the employment rate in Glasgow stood at 58.6%, based on 246,500 persons employed out of a working age population of 420,300. As well as being a fall from the previous year's rate of 62.4%, this is the first time since the current dataset began in 2004 that the rate has fallen below 60%. For comparison, the Scottish rate was 69.5%. In Glasgow the number employed fell by 15,800 over the year.
The fall in employment has not been matched by an increase in unemployment, but by an increase in inactivity, which increased by 18,900 over the year. The concerning aspect of this is that it could reflect a perception that there is a lack of jobs in the city.
Perhaps too much can be read from one set of figures. Confirmation that this is a trend can come from the next set of employment data, to be released in July 2013.
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