Bank of Scotland

Permanent placements and temp staff billings both fall during December

16 January 2012

The latest Bank of Scotland report on jobs indicated that the Scottish labour market lost further momentum in December. Both permanent and temporary staff placements fell during the latest survey period, with recruitment consultants generally linking declines to weaker growth of demand for staff. Concurrently, average pay increased only marginally, while candidate availability fell further.

The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – registered 50.3 in December and signalled only a marginal improvement in the Scottish jobs market. Down from 51.4 in November, the Barometer was at its lowest in 14 months. Meanwhile, labour market conditions across the UK as a while deteriorated in December, with the rate of decline the strongest since September 2009.

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