• Text size      
  • Send this article to a friend
  • Print this article

Rise in jobs and pay levels fuels hopes for economy

PERMANENT job placements in Scotland rose for the fifth successive month in January, although the pace of growth slowed slightly.

The latest Bank of Scotland Report on Jobs found the growth in temporary placements was at its strongest in almost two years, while demand for all staff also rose. Average pay levels grew at the fastest rate since May last year.

Scottish recruitment agencies questioned for the research cited "improved economic conditions" and greater client demand for the upswing.

The Bank's Labour Market Barometer – which provides a single-figure snapshot of labour market conditions – was at 53.9, which was ahead of the UK reading of 53.4. However, the barometer was down from the 19-month high of 56 recorded in Scotland during December.

Donald MacRae, chief economist at Bank of Scotland, said: "Demand for permanent staff was highest in engineering and construction, suggesting a modest pick-up in activity in this crucial sector in the coming spring.

"These results reinforce the hope that the Scottish economy enjoyed moderate growth in January 2013."

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

141434