Permanent placements rise at strongest pace for a year in April
20 May 2013
- Growth of both permanent and temporary appointments strengthens in April
- Strongest rise in permanent salaries since May 2012
- Permanent placements increase at fastest rate in Glasgow; temp billings rise at strongest pace in Dundee and Glasgow
The latest Bank of Scotland Report on Jobs signalled the strongest increase in permanent appointments for a year during April. Temp billings also grew at a faster rate, reaching a three-month high. Scottish recruiters largely linked the marked rise in permanent placements to greater client demand and a more buoyant labour market, and contributed to a further deterioration in candidate availability. Concurrently, average pay continued to increase in April, with permanent staff seeing the strongest rise in salaries since May 2012.
The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – posted 54.0 in April, suggesting a solid improvement in Scottish job market conditions. The Barometer, up from 53.0 in March, was the highest in 2013 to date and remained above the equivalent index for the UK.
Donald MacRae, Chief Economist at Bank of Scotland, commented:
"April’s Barometer rose for the second month in a row to the highest level of 2013. Both the number of people placed into permanent and temporary jobs rose while vacancies increased in the month. Salaries for permanent jobs showed the strongest rise since May 2012. These results provide further evidence for the Scottish economy beginning to demonstrate a more robust recovery."