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The July Bank of Scotland Report on Jobs signalled the sharpest rise in permanent staff placements in the ten-and-a-half year survey history. The marked rise in permanent appointments reflected a rise in market demand, contrasted with a more modest increase in temporary billings.
Donald MacRae, chief economist at the Bank of Scotland, commented: “July’s Barometer rose to its highest level since September 2007. The number of people appointed to permanent jobs rose markedly while the number of vacancies for both permanent and temporary jobs increased strongly. Vacancy growth was marked in the engineering and construction sector. These results suggest rising business confidence is translating into a continuation of the recovery of the Scottish economy this summer.”
The Scottish barometer rose to 60.3 in July 2013, with 50 representing no change to the previous month. In July 2012 the Scottish barometer registered at 50.2. In comparison the United Kingdom barometer in July 2013 was 58.5, compared with a UK level of 49.3 in July 2012.
Regionally, Aberdeen-based recruiters recorded the strongest increases in both permanent and temporary staff placements. Permanent staff availability deteriorated to the greatest extent in Glasgow, while Aberdeen saw the strongest fall in temporary employee availability. The fastest rates of inflation for permanent salaries and hourly rates for temporary employees were recorded in Edinburgh and Dundee, respectively.
Hourly rates for temporary employees increased at the joint-sharpest pace since data collection began in January 2003. Average billings for temporary staff increased modestly and at the weakest pace since March 2013. Scottish recruitment agencies reported a sharp rise in demand for temporary staff, with vacancy growth accelerating to a 31-month high.
The number of candidates seeking temporary work fell for the third consecutive month in July, and at the strongest pace since December 2004. Seven employment sectors posted a larger number of temporary vacancies in July, led by the Nursing/Medical/Care sector. The Executive & Professional recruitment was the only sector to record fewer vacancies, with the rate of decline the strongest since September 2009.