REPORT: Advertised job vacancies in the UAE down 38 percent
A new report published by Robert Walters Middle East has found that the number of advertised jobs in the UAE has decreased by 38 percent year-on-year.
The report also found that there was a six percent decline in the number of job vacancies posted online in the UAE in the second quarter of 2017 when compared with the previous quarter.
According to the report, the professional services sector experienced the greatest decline. It dropped 38 percent when compared to the second quarter of 2016.
While fields such as sales, accounting and marketing also experienced a decline, banking and financial service sectors actually registered a 30 percent increase in the second quarter of the year when compared to Q1.
Speaking on the current state of the UAE's job market, the Country Head of Robert Walters Middle East Jason Grundy told Arabian Business that: “Market conditions remain tough in the professional space across the Middle East. The timing of Ramadan and Eid falling in Q2 this year has had an impact in the significant reduction in advertised jobs."
He added: “Nevertheless, we saw a significant increase in roles post the Eid holiday week and despite tough market conditions, we predict a double-digit increase in professional jobs advertised in the professional space in the third quarter of 2017, which we are due to report in early October.”
Grundy’s prediction of increased job vacancies in the UAE coincides with Bayt.com’s latest report stated that despite popular belief, the number of job vacancies in the UAE is experiencing a steady increase.
According to the figures collected by the recruitment website, the number of job vacancies in the UAE has increased by 14 percent in the past year.
Human resources, entertainment, hospitality and recreation are among the fields that currently have the highest rates of job vacancies in the region.
Aside from the UAE, Bayt.com also found that the MENA region as a whole has been experiencing a steady increase in the job market, with “tens of thousands” of jobs reportedly up for grabs.