Bank of Scotland

Permanent placements rise at slowest rate for more than two years

18 May 2015

Permanent placements in Scotland rose at the slowest rate for more than two years in April, the latest Bank of Scotland Report on Jobs showed. Hampering recruitment activity to an extent was a further fall in the availability of candidates for vacancies, though a moderation in growth of demand for staff was also recorded. 

On the pay front, April’s survey showed notable rises in both permanent staring salaries and temp hourly rates.

Although remaining well above the 50.0 ‘no-change’ mark and signalling a further overall improvement in Scottish labour market conditions, the Bank of Scotland Labour Market Barometer slipped to a 22-month low in April, registering 59.1 from 60.6 in March. That was well below the corresponding index for the UK as a whole, which climbed to the highest since last September.

Donald MacRae, Chief Economist at Bank of Scotland, commented: “Scotland’s labour market continued to improve in the month.  The number of people appointed to both permanent and temporary jobs rose modestly while the number of vacancies increased in the month. Starting salaries rose sharply and temp pay rates increased.  These results suggest the Scottish economy continued to grow, albeit at a modest pace, in April.”

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