{"id":2794,"date":"2018-09-14T12:14:01","date_gmt":"2018-09-14T11:14:01","guid":{"rendered":"https:\/\/blogs.gov.scot\/scotlands-economy\/?p=2794"},"modified":"2018-09-14T12:50:59","modified_gmt":"2018-09-14T11:50:59","slug":"this-week-14-09-18","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/scotlands-economy\/2018\/09\/14\/this-week-14-09-18\/","title":{"rendered":"This week &#8211; 14\/09\/18"},"content":{"rendered":"<p><strong><a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1.png\"><img decoding=\"async\" class=\"alignright size-medium wp-image-2795 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1-300x150.png\" alt=\"\" width=\"300\" height=\"150\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1-300x150.png 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1-768x384.png 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1.png 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1-750x375.png 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/2-1-802x401.png 802w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/150;\" \/><\/a>Labour Market Statistics <\/strong><\/p>\n<p>Published on Tuesday, the labour market statistics released by the ONS for\u00a0May to July 2018, showed that Scotland\u2019s unemployment rate fell over the quarter to 4.1%.<\/p>\n<p>On employment for women and young people, Scotland continue to outperform the UK with an employment rate of 71.5% for women, higher than the UK rate of 71.0%, and an employment rate for young people of 56.2%, higher than the UK rate of 54.7%.<\/p>\n<p><a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1.png\"><img decoding=\"async\" class=\"alignright size-medium wp-image-2797 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1-300x150.png\" alt=\"\" width=\"300\" height=\"150\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1-300x150.png 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1-768x384.png 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1.png 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1-750x375.png 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/1-1-802x401.png 802w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/150;\" \/><\/a>Compared to the UK we also have lower rates of unemployment and inactivity for women and young people.<\/p>\n<p>Business Minister Jamie Hepburn said:<\/p>\n<p>\u201cWe continue to work to create the right economic environment for job growth. Our ambitious economic strategy outlined in last week\u2019s Programme for Government includes commitments on the Scottish National Investment Bank and Manufacturing Institute, while we are also committed to the biggest infrastructure spending Scotland has ever seen.<\/p>\n<p><strong>Oil and Gas sales<\/strong><\/p>\n<p><a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas.png\"><img decoding=\"async\" class=\"alignright size-medium wp-image-2798 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas-300x150.png\" alt=\"\" width=\"300\" height=\"150\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas-300x150.png 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas-768x384.png 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas.png 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas-750x375.png 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/Oil-and-Gas-802x401.png 802w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/150;\" \/><\/a>The value\u00a0of Scotland&#8217;s Oil and Gas\u00a0has risen by 18.2% between 2016-17 and 2017-18, according to new figures. The Oil and Gas Production Statistics for Scotland 2017-18, released today also shows that despite the slight decrease of 1.7% in the latest year, production of oil and gas remains 23.1% higher than the level recorded in 2014-15.<\/p>\n<p>Energy Minister Paul Wheelhouse said:<\/p>\n<p>&#8220;I welcome the findings in the report which show the sector has seen an 18.2% increase in sales value. These figures reflect the increased price of oil and gas on the global markets and show confidence is continuing to return to the sector.&#8221;<\/p>\n<p><strong>AWPR\u2019s big weekend draws to a close<\/strong><\/p>\n<p>Thousands have visited the GoNorthEast road festival\u00a0last weekend, to celebrate the transformational Aberdeen Western Peripheral Route\/Balmedie to Tipperty (AWPR\/B-T) project.<\/p>\n<p><span style=\"font-family: Calibri\">Watch this and find out what you missed! <\/span><a href=\"https:\/\/player.vimeo.com\/video\/289843158\">https:\/\/player.vimeo.com\/video\/289843158<\/a><\/p>\n<p>Cabinet Secretary for Transport, Infrastructure &amp; Connectivity Michael Matheson said:<\/p>\n<p>\u201cIt has been a wonderful weekend of activities to mark the AWPR\/B-T project. I visited the festival on Saturday and it was great to see so many people of all ages enjoying the displays and taking the unique chance to get up close with a section of this impressive new road.<\/p>\n<p>\u201cOver the course of the weekend we\u00a0seen thousands of people visit, with 1,500 cyclists taking the chance to travel an 18 km loop of the new road on Sunday morning. The popularity of the events reflects the level of interest in this project across the region.<\/p>\n<p>\u201cWe are looking forward to the next key section of this project opening to traffic in the coming weeks. This project is a genuine game-changer and will revolutionise transport in and around Aberdeen. We are approaching the home straight in terms of completion and this next phase will provide a key step towards improved journey times, reliability, access to markets and improved connectivity across the region and beyond.\u201d<\/p>\n<p><strong><a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc.png\"><img decoding=\"async\" class=\"alignright size-medium wp-image-2801 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc-300x150.png\" alt=\"\" width=\"300\" height=\"150\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc-300x150.png 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc-768x384.png 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc.png 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc-750x375.png 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2018\/09\/IBioIc-802x401.png 802w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/150;\" \/><\/a>Innovation<\/strong><\/p>\n<p>Investment Minister Ivan McKee announced that\u00a0the Scottish Government, through our national agencies Scottish Funding Council, Scottish Enterprise and Highlands and Islands Enterprise, is investing \u00a311.1million in Scotland\u2019s national innovation centre for industrial biotechnology to drive forward Scotland\u2019s Industrial Biotechnology sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Labour Market Statistics Published on Tuesday, the labour market statistics released by the ONS for\u00a0May to July 2018, showed that Scotland\u2019s unemployment rate fell over the quarter to 4.1%. On employment for women and young people, Scotland continue to outperform the UK with an employment rate of 71.5% for women, higher than the UK rate&#8230;<\/p>\n","protected":false},"author":441,"featured_media":2795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,214],"tags":[],"class_list":["post-2794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-innovation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This week - 14\/09\/18 - Scotland&#039;s Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/2018\/09\/14\/this-week-14-09-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This week - 14\/09\/18 - Scotland&#039;s Economy\" \/>\n<meta property=\"og:description\" content=\"Labour Market Statistics Published on Tuesday, the labour market statistics released by the ONS for\u00a0May to July 2018, showed that Scotland\u2019s unemployment rate fell over the quarter to 4.1%. 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