Permanent vacancy growth strongest in seven months in March
16 April 2012
- Greater demand for permanent staff supports further rise in placements
- Staff pay rates increase solidly in March
- Both permanent and temporary appointments increase at strongest rates in Edinburgh
The latest Bank of Scotland Report on Jobs signalled a further improvement in Scottish labour market conditions in March. The number of candidates placed into both permanent and temporary work increased over the month, with recruitment agencies generally linking this to greater client demand. Notably, permanent vacancy growth was marked and the sharpest since last August. Concurrently, average pay for permanent and temporary staff rose at the fastest rates in five and seven months respectively.
The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – signalled a solid improvement in the Scottish jobs market in March. At 54.6, up from 52.4 in February, the Barometer was at its highest level since last July and above the long-run series average.