Permanent staff placements increase strongly in February
19 March 2012
- Fastest rise in permanent placements since last October
- Demand for new staff increases modestly
- Strongest increase in permanent placements posted in Dundee; fastest rise in temp staff billings recorded in Edinburgh
The latest Bank of Scotland Report on Jobs indicated a further improvement in Scottish labour market conditions in February. The number of candidates placed into permanent and temporary work both increased, with growth strong and faster than that reported across the UK overall. Firms generally attributed the increase in staff placements to greater client demand.
Donald MacRae, Chief Economist at Bank of Scotland, commented:
"Scotland’s labour market showed an important improvement in February. Not only did the number of people placed into jobs rise, but salaries for permanent jobs increased at a modest rate. The number of vacancies for permanent jobs increased to a four-month high. The deterioration evident from April last year appears to have been arrested at the beginning of this year. This latest barometer reading suggests the Scottish economy is continuing a slow recovery from recession rather than lapsing back into recession."