According to the Bank of Scotland’s Report on Jobs which was issued on 17th May, vacancies and rates in Scottish labour market were both up during April 2010. Contractors in most demand were first IT and second engineering – with demand for IT contractors being the fastest across all contractor and temporary workers, when compared to the previous month. Permanent and contract staff appointments rose at strong rates, while vacancy and pay growth both accelerated.
The Bank of Scotland Labour Market Barometer is a composite indicator which is designed to provide a ‘single figure snapshot’ of labour market conditions. For April, it highlighted the generally improving trend, posting the highest reading since the start of 2008. Latest data signaled another improvement in demand for contract workers in the Scottish labour market. Moreover, the pace of increase was the sharpest since July 2008.