The signals for the Scottish economy in recent weeks have been as changeable as the weather.Hopes that we might be emerging into some form of economic spring were raised last month, with news of a fall in unemployment and a significant rise in employment, between September and November and December to February on the International Labour Organisation measure.
There was good news in Scottish Government data revealing that gross domestic product fell by only 0.1% in the fourth quarter of 2011. Contraction is not generally a good thing, but the fall was less steep than the 0.3% drop in economic output in the UK in the final three months of last year.
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