Permanent placements increase further in October, reflective of greater demand
19 November 2012
- Both permanent and temporary appointments increase, but at slower rates
- Marginal rise in average salaries
- Edinburgh-based recruiters report strongest increase in permanent staff placements, while agencies in Glasgow see fastest rise in temp billings
The latest Bank of Scotland Report on Jobs indicated an increase in both permanent and temporary staff placements in October. This partly reflected greater demand for staff, with recruitment agencies reporting a strong rise in both the number of permanent and temporary jobs. Candidate availability meanwhile continued to deteriorate over the month, particularly for permanent staff, and average pay edged slightly higher.
The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – rose to its highest level in five months during October, signalling a solid improvement in Scottish job market conditions. At 53.6, up from 52.3 in September, the Barometer was slightly higher than its long-run series average of 53.4 and above the equivalent index for the UK as a whole.
Donald MacRae, Chief Economist at Bank of Scotland, commented: "The Labour Market Barometer rose in October to its highest level in five months showing a rising number of people in both permanent and temporary jobs and an increase in the number of vacancies. Following the low point reached in July, the Scottish labour market is steadily improving in spite of the economic slowdown in the summer months."