The Bank of England has forecast that the unemployment rate will hit 7.5% So, more pain is expected for the GBP ahead and expect sellers on rallies unless some great Brexit news trumps all the bearish economic data.
The big question is how many of them will have a job to return to when the scheme ends in October.
Unemployment in the region for the three months to July was however down 1,000 to 129,000 for the three months to the end of July - 4.4 per cent of the working population.
In the three months to July the United Kingdom unemployment rate grew to 4.1%, representing about 1.4 million people out of work, according to the Office for National Statistics (ONS).
"Some effects of the pandemic on the labour market were beginning to unwind in July as parts of the economy reopened".
Reuters quoted an economist Samuel Tombs, with Pantheon Macroeconomics, who said job losses were likely to accelerate in September and October when employers will have to pay more towards the cost of the furlough scheme because "The number of people searching on Google for phrases including "redundancy" rocketed to a record high in July, consistent on past form with the official measure of redundancies peaking in September".
The number of job vacancies rose to 434,000 in the three months to August, nearly 30% higher than in the April-to-June period but nearly half their level before the pandemic.
Figures from Britain's tax office showed the number of staff on company payrolls fell by 695,000 between March and August, versus a sharply revised 659,000 in the March-July period.
Over the quarter, there has been a large decrease in the number of young people in employment.
"Our Programme for Government, published this month, has protecting and renewing Scotland's labour market at its heart through our new National Mission to create new, good, green jobs".
Unemployment in Scotland rose marginally during a period when the country was in lockdown.
"Coming before the Job Retention Scheme that is still supporting millions of workers began its phase-out, this points to an extremely challenging autumn for employment".
Minister for employment Mims Davies said: "We recognise that the pandemic has been hard for many people who are anxious about their incomes and that's why our £30 billion plan for jobs is aimed at protecting, supporting and creating jobs and it's welcome news that there is some recovery in vacancies". On Monday, a further 2,621 new cases were reported and nine people died. "Target those sectors most in need - for example retail, hospitality.Provide certainty for workers and businesses", he said.