Growth in staff appointments continues despite a lack of available candidates
15 September 2014
Scotland’s labour market continued to go from strength to strength in August, with the latest Bank of Scotland Report on Jobs indicating further marked gains in placements during the month, as well as strong pay growth amid rising demand for staff. Latest data meanwhile showed the most marked deterioration in permanent candidate availability in the survey’s history, a further sign of increasing tightness in the jobs market.
Highlighting a marked improvement in Scottish labour market conditions, the Bank of Scotland Labour Market Barometer registered 67.1 in August, well above the critical 50.0 threshold. The barometer was down slightly from July’s survey-record high of 67.3, but nevertheless above the equivalent UK index.
Donald MacRae, Chief Economist at Bank of Scotland, commented:“August’s Barometer returned a strong reading showing a rising number of people appointed to both permanent and temporary jobs. There was a record drop in people available for jobs and growing evidence of strong growth in pay confirming the tightening of the jobs market. The economic recovery continues with business confidence remaining high.”