Permanent placements continue to grow at record pace
16 September 2013
- Further sharp rise in permanent appointments
- Demand for permanent staff grows at fastest pace in 25 months
- Aberdeen posts strongest rise in permanent placements, while Dundee sees greatest increase in temporary appointments
The latest Bank of Scotland Report on Jobs indicated that growth of permanent placements during August was unchanged from July’s record pace. This was alongside a further increase in temp billings, which rose at the strongest rate since May. Scottish recruiters attributed the rise in appointments to improving market conditions and greater client demand, with the latter increasing at an accelerated pace. Concurrently, candidate availability deteriorated and average wages and salaries increased, albeit at weaker rates than one month previously.
The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – signalled a further improvement in Scotland’s job market during August. At 59.7, down slightly from July’s 60.3, the Barometer was the second-highest since September 2007, and consistent with a marked rate of growth.
Donald MacRae, Chief Economist at Bank of Scotland, commented:
“August’s Barometer was at the second highest level since September 2007. The number of people appointed to permanent jobs rose sharply, while the number of vacancies for permanent jobs increased at the strongest rate for over two years. There were marked increases in demand for staff in IT, Computing, Engineering and Construction. Rising business confidence is translating into increasing employment and a further strengthening of the recovery in the Scottish economy.”