Dubai: Nearly 50,000 Jobs Opened In Nine Months

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There has been a slight uptick in employment in Dubai, with companies across the emirate opening nearly 50,000 vacancies for over a period of nine months in 2018, according to the latest official statistics from the UAE Central Bank.

According to the data, a total of 45,900 jobs were created between January and September, representing a 1.8% increase from the same time before in 201.

The report noted that Dubai is the primary driver for the growth of the UAE’s labour market, and grew 0.7% in September, compared to 0.03% in June.

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Across the country, the growth of the labour market was found to be stable, growing by 1.6% compared to 2.6% over the same time period in 2017.

The data also showed that the construction sector accounts for about a third of the total workforce in the country. The sector was found to have grown by approximately 1%.

The real estate sector grew by 4.4%, while in the services industry – which accounts for a fifth of the workforce – employment fell by 1.3%.

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Other sectors that recorded slower employment growth were manufacturing and the transport, storage and communications sectors, which registered declines of 1.1 and 4 percent respectively.

While employment grew in Dubai, the statistics indicate that there was a 3.3% decline in employment growth in Abu Dhabi.

Source: Arabian Business

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