Scottish labour market continues improvement

Published on

The latest Bank of Scotland Report on Jobs has signalled a further improvement in Scottish labour market conditions during March.

The number of people placed into both long- and short-term job roles increased during the latest survey period, as demand for new staff grew further.

However, both permanent and temporary candidate availability rose during March, keeping pay inflation subdued.

Permanent placement was strongest in Glasgow, while Dundee had the fastest increase in temporary vacancies.

The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – registered 53.8 in March and indicated a solid improvement in the Scottish job market. Although the latest reading was down from February’s reading of 55.2, the Barometer posted the highest quarterly reading since Q1 2008.

Donald MacRae, chief economist at Bank of Scotland, said: “Recovery from the recession is extending to the labour market

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...