Octoberís Bank of Scotland Labour Market Report highlighted that demand for staff in Scotland remained firm and permanent and temporary employment continued to grow, albeit at subdued rates as skill shortages persist. Pay rates continued to rise in this environment.
The reportís labour market barometer slipped to a nine-month low of 59.3 in October. However, the index was still above the equivalent barometer for the wider UK economy and also well above the 50 point level, which signals improving labour market conditions in Scotland.
Demand increased across industries with Engineering and Construction recording the strongest growth for both permanent and temporary workers.
Tim Crawford, Group Economist at Bank of Scotland, commented: ìThe Scottish labour market continues to grow at a stronger rate than the UK average but Scottish growth rates are down a little from those seen earlier in the year. One of the factors behind this has been that employers are finding it more difficult to attract the right candidate. Pay rates have risen firmly in this environment, both for permanent and temporary staff.î
To view the full report, please click here
Pay rates rise in Scotland
Pay rates continued to rise in this environment
