The jobs market in Scotland has continued to enjoy healthy growth in June, with a sharp increase in wage growth and the largest decrease in job seekers since records began. The Royal Bank of Scotland Report on Jobs, released this morning (PDF), shows that both permanent and contractor positions are growing healthily, with reduced availability of candidates driving accelerated wage growth.
The report also showed that IT contractors, who proved themselves remarkably resilient to the UK’s financial crisis, have lost their longstanding position as the most in-demand contract workers in Scotland. The top spot is now occupied by nursing, medical and care professionals, with IT contractors slipping to second place. The top three is rounded out by engineering and construction contractors, who have been enjoying increased demand due to growing infrastructure spending from the Government.
Wage growth for permanent staff outstripped that of temporary and contract workers – however employee wage levels are growing from a much lower base, so faster growth is to be expected. Although wage growth was slower, demand for freelancers and contractors shot up in June, from 61.6 to 64.6 on the Labour Market Barometer – a composite measure where any number over 50 represents positive growth. Conversely demand for permanent staff only rose by 0.5 points to reach 63.8.
The Bank of Scotland’s Chief Economist said:
“June’s Barometer reached a record high in the eleven and a half years of the survey. The number of people appointed to jobs increased while vacancies grew at a robust rate. The number of candidates available for both permanent and temporary jobs fell accompanied by a record rise in starting salaries. The recovery in the Scottish economy looks set to continue.”
Photo by Robert Moore