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Permanent placements increase sharpest in 10 years

Filed under: Business Continuity — Mark on August 21, 2013

The latest jobs report from the Bank of Scotland indicated the sharpest increase in permanent job fulfilments in the history of the survey, which spans more than a decade.

The significant increase in permanent placements is a reflection of greater demand and activity in the market – in contrast with a far less impressive increase in temp billings. At the same time, the number of permanent workers available fell sharper than it has since July of 2007 and the average salary increased, although not at the same level.

This is positive news for those seeking to fill permanent business continuity jobs and other positions.

The Bank’s Labour Market Barometer, standing at 60.3 in July, is a composite indicator that aims to offer a one figure illustration of conditions in the labour market – a level it has failed to reach since September of 2007. In July the barometer rose to 60.3 (with 50.0 representing a ‘no change’ figure), indicating that the condition of the job market in Scotland has improved significantly.

Bank of Scotland Chief Economist, Donald MacRae, said:

“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.”

He concluded by saying that the results indicate the increase in confidence among businesses is manifesting as a recovery in the economy north of the border.

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