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West Lothian in Figures
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West Lothian in Figures You are here:  > Home  > wl_economy  > facts_figures  > redundancies
 

Redundancies

The level and rate of redundancies are important measures of changes in labour demand. When coupled with changes in total employment, they provide an indication of the overall health of the labour market. However, redundancies may be concentrated in particular sectors of the economy, suggesting that economic restructuring is taking place. For example, the decline in manufacturing has been accompanied by relatively high redundancy rates in that sector of industry.
 

Actual redundancies have reduced by one-half (50.4%) in the period April 2007 to March 2008 in relation to the financial period 2006/2007. Recent figures for the first half of the current financial year (April 2008 - March 2009) almost equal total redundancies in the previous financial year, suggesting that the eventual annual total will be higher.

 

 

 
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