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Recovery in private sector employment north of the border

Filed under: Recruitment General — Jonathan on July 14, 2012

The private sector in Scotland is recovering from its recent poor performance and has begun to again create jobs. This boosts hopes that the recession which has plagued the UK can be alleviated in Scotland. It is expected that governance and compliance jobs and information security vacancies to be filled in the private sector as a result of this turnaround.

The latest Bank of Scotland PMI (Purchasing Managers’ Index) reveals that the output of the private sector in Scotland has increased at a faster pace in June, which was a positive response to the previous month which saw its worse figures in 17 months.

David MacRae, chief economist for the bank, pointed out that the increase in new orders was only a marginal one and new export work figures are on the wane – an illustration of what a challenge it is to maintain growth when faced with a slowdown of global economies.

The PMI, the seasonally modified index which monitors activity covering Scottish service and manufacturing industries, was at 52.5 last month from 50.8 in the previous month, which ranked above the figure recorded by the UK as a whole.

Both Scottish services and production activity has increased during the course of the month with a sharper rate for the former.

For the seventh time in the space of eight months, there has been in increase in employment in the private sector following the lull in May. The report said that manufacturers saw a sharper increase in employment levels than that of the service industry.

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