The opportunity to acquire employment in Scotland has lessened in the last three months. According to a job market research survey conducted by the Bank of Scotland there is a decline in permanent jobs available. However, according to the survey there is a slight increase for part time jobs.
The areas with the most job seekers were hotels, catering, and computing. Last month showed the strongest demand for jobs in the past year. Due to high demand for jobs and the low supply of employment, wages are dropping for new hires. Pay rates dropped at the fastest rate since last November and for the third month in a row.
The survey also showed that Scotland is underperforming in the job market when compared to Britain. The chief economist at Bank of Scotland, Donald MacRae said: “Labour market conditions in Scotland remained challenging and worse than the UK as the market deteriorated in August. However the rate of decline was only modest.”
He added: “The number of appointments to permanent jobs declined marginally in August, while growth in placements for temporary staff was maintained.
“However, the rate of increase weakened to the slowest since September 2009. The number of people seeking temporary positions rose at the fastest pace in 12 months.”
Many analysts see the results of the study as another sign that recovery is faltering.
David Lonsdale, assistant director of CBI Scotland, said: “There is a degree of uncertainty about how the economy is going to progress. We think it will grow this year and next year, but employment will go up and down.
“Businesses do expect to employ more people but this is an indication they are probably less willing to commit to taking on expensive new people, and are looking to see how the economy improves over the coming months.”