The Change Recruitment Group monthly Scottish Labour Market Update, is compiled from sources including the Bank of Scotland Report on Jobs, produced by Markit, and live market research.

Foreword by Mark McFall, Group MD of Change Recruitment Group

“Despite reports of slowing growth, the good news is that it is still growth. It is certainly a good time to be considering making a career move, with the market showing an increase in demand for staff and also an increase in average starting salaries and we continue to see the wider Financial Services sector creating new opportunities.”

Market Summary

The recovery of the Scottish labour market continued in August, albeit that growth slowed from prior months. Encouraging signs saw a strong appetite from employers to hire, and also increased number of temporary workers being employed. The demand for permanent staff was particularly strong in the IT & Digital sectors and Accountancy & Finance. IT & Digital also saw a high demand for interim staff, along with the Engineering & Construction sectors.

Regional variations:

  • After last month which saw the first increase in 2 and half years for those claiming job seekers allowance, this month saw that trend reverse with those seeking decreasing
  • Scotland however saw a slight increase in those claiming job seekers allowance from the prior month, and over has an unemployment rate of 2.8%
  • The South East and South West had the lowest unemployment rates with the UK at 1.3% whilst Northern Ireland was the highest at 4.9%