The latest Markit survey could hardly be more positive. Under the headline, "Sharp improvement in Scottish labour market conditions in June" we see that demand for both temporary and permanent staff has grown steeply and temp jobs in particular show the strongest growth since late 2004. The good news extends to pay, with "data indicating notable increases in both permanent salaries and temp wages." For salaries, the growth was the fastest for nine months and when coupled with lower levels of inflation in Scotland than for the UK as a whole, the prospects for jobs are undoubtedly the best they've been for some time.
Although IT & Computing saw the largest rise in vacancies in June, our area of engineering & construction was reported as "another one of the top performing sectors." This mirrors what we're seeing at Peace Recruitment, with strong demand for perm roles and also for the temp jobs coming on stream in our newly formed Contractor Division. That said, we're not complacent: although we're seeing growth and lots of jobs from across the country, we know there are a lot of pressures (Brexit being only one) on the economy in general, but my personal view is that it's important to stress the positive rather than worry too much about what might go wrong. Following last week's much better than expected growth figures for the Scottish economy as a whole for Q1 of 2017, let's hope that the good news continues over the summer and beyond.
Chris Peace, Managing Director