Bank of Scotland: Nov sees ease in job market conditions

18/12/2007

The Scottish jobs market seems to have settled slightly in November, according to the Bank of Scotland's Labour Market Report.

Results showed that the engineering and construction sector remained the most sought-after industry for permanent staff.

Employment growth and average salary weakened, while the decline in candidate availability rose at its slowest rate since 2006.

Martin Ellis, chief economist at Bank of Scotland, commented: "The recent easing in Scottish labour market conditions from June's peak reflects in part the impact of the interest rate rises from earlier in the year.

"Growth in job vacancies, employment and pay all appear to have lost some momentum since the summer. The labour market remains relatively tight with demand for permanent staff still firm in a number of sectors including engineering and construction, although the rate of deterioration in overall candidate availability has slowed somewhat."

Meanwhile, construction companies in the East Midlands are trying to overcome pending staff shortages in the run up to the 2012 Olympics.

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