Once again, we bring you our monthly snapshot of the RBS/Markit report on jobs in construction and engineering. For the economy as a whole, there is one thing that really stands out this month, and that is that the trend in Scotland for permanent jobs is positive, with placement by recruitment agencies north of the border increasing last month against an overall decline for the UK. Also in Scotland, temp/contractor jobs growth has continued, albeit both temp and perm jobs' growth is weaker than it has been for some time. In other words, things are still getting better on the overall jobs front, but the rate of growth is slowing.
That said, the number of candidates available for jobs continues to decline, especially for permanent staff. This means that for those who are looking for a job, the combination of increasing vacancy numbers and declining candidate availability is driving up pay - so good news for candidates if not employers.We also wonder if these upward pressures on salaries might encourage a few people to search for some greener pastures?
Turning now to our own area of Construction, the RBS/Markit survey shows an increase in the index for both permanent and contractor jobs, rising from 59 to 60.5 for the former and from 59.2 to 61.4 for the latter (remembering that any figure over 50 signifies growth. While we appreciate that there are warning signs for the world economy starting to flash, to say nothing of the UK's own particular issues, it's worth noting that, at Peace Recruitment, the growth in the market was reflected in similarly positive figures for ourselves, with a lot of clients hiring some excellent candidates that our talented team of recruiters managed to find (It's knowing where to look that is the secret - that and perseverance!).
Chris Peace, MD, Peace Recruitment