Bank of Scotland

Modest increase in permanent placements in January

20 February 2012

  •     Permanent staff placements increase, following a decline in December
  •     Overall demand for staff increases only marginally
  •     Glasgow sees greatest fall in permanent placements; Dundee reports strongest decline in temp staff billings

The latest Bank of Scotland Report on Jobs signalled a slight improvement in Scottish labour market conditions in January. Staff placements in both the permanent and temporary sectors increased, following declines in December, but the rates of growth remained below the respective long-run series averages. Concurrently, Scottish recruitment agencies indicated only a marginal rise in demand for new staff in January, while salaries awarded to permanent hires fell for the first time in 13 months.

Donald MacRae, Chief Economist at Bank of Scotland, commented:
"The Scottish labour market showed a small but important improvement in January.  Despite slowing growth in the Eurozone and the UK, the number of people placed into permanent jobs increased after December’s decline while the number of vacancies for permanent staff was broadly unchanged from the end of last year.  This latest Barometer suggests the Scottish economy is struggling to maintain growth momentum in challenging economic conditions."

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