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Scotland – Permanent candidate numbers plummet as salary inflation hits record high


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.