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Scottish job market continues to improve

Category: Scottish Economy — Paul Morgan on October 17, 2012

The latest data has shown that the job market in Scotland is continuing to improve, with increasing numbers of people finding employment.

The findings, from the Bank of Scotland Report on Jobs, also showed that employment is being found at the fastest rate in recent months.

The survey, which canvasses the results of a number of recruitment agencies, showed that more people are finding both permanent and temporary jobs. When quizzed, the agencies said that higher business demand from their clients was largely the reason for the increases.

Discussing the findings, the Bank of Scotland Chief Economist, Donald MacRae, said:

“Scotland’s job market continued to improve in September with a welcome increase in people appointed to both permanent and temporary jobs alongside a rising number of vacancies.

“The Scottish economy is maintaining employment in the face of the global slowdown.”

Companies are proving able to take on new staff, and continue employing existing staff through strategies such as invoice factoring. Many prefer such financial strategies as they help businesses maintain operations without the risk of securing new debt.

MacRae continued to comment on the findings, linking the rise to a likely lift in confidence in the commercial and industrial sectors, by saying:

“A significant fall in unemployment awaits a lift in both consumer and business confidence.”

However, a report in early October 2012, put out by the Bank of Scotland, also suggested that there was a contraction in the private sector. This is the first such reduction in 20 months.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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