Employment Trends in Edinburgh

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Ajay Patel 10G

28th December 2001

Business Studies Project

Employment Trends in Edinburgh

The current unemployment rate in Scotland is 5.9%. Whilst in Edinburgh the unemployment rate stands at 3.6%.

    Edinburgh is also concentrating on increasing their growth sector; so that their “3.6%” unemployment rate is reduce. The growth sectors, which they are concentrating on, are, the electronics industry and the retail sector with the increase of out-of-town retail parks. The tourist industry in Edinburgh employees 20,000 employees all year round and generates an income of £350 million. There is also the expected expansion of the hotel and catering sectors, hopefully with an extra 2000 hotel rooms by the year 2000. More brewery chains are also opening up in the city of Edinburgh, producing more jobs and a service for the tourist industry.

    Even though there is a growth in many Industries, there has been a concern about the amount of employees with the skills to carry out the work in the industries which are experiencing growth. There is also a significant problem with shortages of key skills amongst unemployed young people entering the labour market    

    The government are proposing to create more jobs, and create a more stable and efficient market in Edinburgh.

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New developments being proposed include:

  • A £9.5m plan to develop Conference Square in Lothian Road,
  • A £30m proposal to create Lothian's first 'televillage' in Musselburgh to allow people to work from home,
  • A £50m project to create a rapid transport system from the airport to the city centre,
  • A £25m international research centre in Penicuik through the establishment of a new Food Standards Agency and the creation of 2000+ jobs,
  • A 10m indoor sporting arena at Tynecastle,
  • A £60m second terminal for Edinburgh airport, a £1bn redevelopment of Waverley Station,
  • A ...

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