June’s Bank of Scotland Report on Jobs showed further tightening of conditions in Scotland’s labour market. Salary inflation was pushed to its highest level in the survey’s history, as a result of strong demand for staff and a record drop in permanent candidate availability.
Increased vacancies help drive an upturn in staff placements, with the number of permanent appointments and temporary billings rising at a fast pace.
The Bank of Scotland Labour Market Barometer, a composite indicator designed to provide a single figure snapshot of labour market conditions, rebounded to a survey-high of 65.1 in June, up from 61.8 in May and up from 58.5 in June 2013. A score of 50 indicates no change compared with the previous month.