Strength In Labour Market

Bank of Scotland reports shows growth in staff appointments continues despite a lack of available candidates.

The latest Bank of Scotland Labour Barometer highlights a marked improvement in August.

It's sitting at 67.1, that's well above the critical 50 threshold. The barometer was down slightly from July’s survey-record high of 67.3, but above the equivalent UK index.   

Donald MacRae, Chief Economist at Bank of Scotland, commented: 

"August's Barometer returned a strong reading showing a rising number of people appointed to both permanent and temporary jobs. There was a record drop in people available for jobs and growing evidence of strong growth in pay confirming the tightening of the jobs market.  The economic recovery continues with business confidence remaining high."

More from Local News