Scotland business

Bank report shows 'strong improvement' in Scots jobs market

Woman looking at job advertisements
Image caption The bank's chief economist said job vacancies increased across most sectors in May

Demand for permanent staff in Scotland has risen at the fastest pace since January, according to the Bank of Scotland's latest report on jobs.

Its monthly survey of recruitment consultants said the jobs market showed a "strong improvement" last month.

Aberdeen-based recruiters posted the strongest rise in permanent placements, while agencies in Dundee saw the fastest increase in temporary roles.

The report said permanent salaries grew at the sharpest rate in five years.

The bank's labour market barometer creates a snapshot of market conditions, and measures areas such as levels of staff demand, employment and wages in permanent and temporary jobs.

The barometer is measured against a baseline of 50, with anything above 50 representing an improvement in market conditions, and below means a deterioration.

'Welcome evidence'

Last month's figure rose for the third consecutive month to 54.7, its highest level since last December.

Donald MacRae, chief economist at Bank of Scotland, said: "May's barometer showed a strong improvement in Scottish labour market conditions.

"The number of people placed into both permanent and temporary jobs rose in the month while vacancies increased across most sectors.

"These results provide further evidence that business confidence is slowly being restored enabling the Scottish economy to record much sought-after growth during 2013."

Finance Secretary John Swinney said: "These latest Bank of Scotland labour market figures provide further welcome evidence that the jobs market in Scotland is strengthening with Scotland outperforming the rest of the UK.

"These positive figures come on the back of last week's ONS (Office for National Statistics) statistics which show an increase of 47,000 people in work across Scotland during the three month period February to April.

"Foreign direct investment projects coming to Scotland in 2012 are also at their highest level for 15 years - showing yet more signs of recovery for the Scottish economy."

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