The latest ‘Report on Jobs’ from the Bank of Scotland confirms that opportunities for contractors based in Scotland are continuing to rise, although the speed at which the sector is strengthening has slowed slightly as 2010 has progressed.
The Report focuses on May and details that permanent and temporary appointments increased during this time. There was also an increase in the number of jobs advertised during the month of may signalling that confidence is returning to employers. However, rates of pay rose at a slower rate and there were more candidates applying for vacant positions.
The strengthening of employment opportunities north of the border was not pertinent to one particular sector, as appointments rose in Engineering and Construction, Professional and Executive positions although the It and Computing sectors lead the way.
Bank of Scotland Chief Economist, Donald MacRae, stated: “This month’s increase in appointments in both permanent and temporary jobs, as well as the rise in the number of vacancies available, is a sign that the Scottish labour market is in recovery. This recovery did lose momentum in May however, with employment and pay rising at weaker rates. While the headline index reading remains solid, it is well below the figure recorded for the UK as a whole. We can expect a continuing but muted recovery from recession, with some time before unemployment starts to fall.”