Accessibility Page Navigation
Style sheets must be enabled to view this page as it was intended.


A slackening growth pace is evident in the latest Bank of Scotland Report on Jobs. But the figures show further “robust increases” in both permanent appointments and temp billings in Scotland last month.

And “strong upward pressure” continues on staff pay, particularly permanent starting salaries, as rising demand for employees contrasts with a further deterioration in candidate availability.

The bank’s latest jobs report builds on previous findings throughout the year of a strengthening private sector employment market and suggests the tumultuous independence referendum campaign had a muted impact on business expansion and employee hiring.

The widely-watched Bank of Scotland Labour Market Barometer fell back to a four month low in September. But, says the bank, “it was nevertheless at a level that was among the highest seen in the series history and above the equivalent UK index for the third month in a row”.

Says Donald MacRae, the bank’s chief economist, “September’s Barometer showed a continuing rise in the number of people appointed to both permanent and temporary jobs, although at a lower rate than recent highs.

"Starting salary pay rose strongly reflecting the growing lack of available candidates for vacant positions. 

"The Barometer is showing almost four years of monthly improvement resulting in the rate of unemployment in September of 5.5 per cent. The Scottish economic recovery continues.”