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Glasgow poised for fastest jobs growth

by Gerry Braiden
© The Herald
Originally published: 22.04.2008
 
Glasgow is creating jobs at a faster rate than most other major UK cities, with the number of people working in the city rising by 60,000 in the seven years to 2006.

According to a report released by the city council this week, almost every sector within Glasgow has experienced significant growth rates since the late 1990s in the financial, retail, hospitality and public spheres.

The rise brings to 406,000 the number of jobs within Glasgow.

Despite widespread predictions of an impending economic slump, the report also insists the city will remain buoyant, forecasting a further increase of 23,000 posts by 2017 and projecting the fastest growth in Scotland.

It projects a further 16,000 jobs for the international financial services district, making the sector the city's largest with 29% of all Glasgow jobs.

The report comes as a further study claims the city's population is set to grow significantly.

The population stands at 580,000, down from over 800,000 in the 1950s, but this is expected to grow by 1725 per year until 2016 and by 2026 will be between 608,000 and 652,000, depending on migration.

 

 

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