The latest Bank of Scotland Report on jobs has shown an increase in the number of people who found permanent and part-time jobs. This indicates that the Scottish economy is slowly recovering from the recession. The report also showed an increase in labour market conditions, and an increase in pay for permanent and part-time jobs last month following a decline in February.
Donald Macrae, Chief Economist of the Bank of Scotland, explained that ‘’the number of people appointed to both permanent and temporary jobs rose while the number of vacancies increased’’.
The biggest recruitment improvement was seen in permanent staff placements, whereas in the rest of the UK permanent placements were the weakest in six months according to the Bank of Scotland Labour Market Barometer, scoring 52.3.
Scotland have generally shown greater signs of economic improvement than their UK counterparts. Recent official statistics showed that Scotland’s unemployment rate has fallen to below 200,000, for the first time more than three years. The Scottish jobless rate is 7.3% – below the UK average of 7.9%. Elsewhere in the UK, unemployment has risen by 70,000 to 2.56 million.
These results have raised the debate regarding whether Scotland, if they were to become Independent, would be better off economically-speaking. Stuart McDonald. Of the Yes Scotland Campaign, argued ‘’By international standards Scotland is a wealthy and productive country, and we believe that if economic policy was decided here in Scotland, we could be doing so much better’.
The Yes Scotland Campaign argued that Scotland still have a lot of work to do if they were to become Independent pointing to the successful economies of Scandinavian countries. McDonald explained that ‘Our unemployment rate may be lower than the UK’s – but other small countries like Denmark, Switzerland and Norway have unemployment rates which are a third or a half lower again’’.