UAE, Saudi jobs markets remain ‘tough’ amid slowdown

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Job vacancies for professionals in the Middle East increased by 5.5 percent in Q3 of 2017 compared to Q2, according to the latest Robert Walters Middle East Jobs Index. The company said, however, that market conditions remain “tough” in the region, as advertised job vacancies were down by 36 percent year-on-year.

The index also showed that the number of advertised job vacancies across accountancy and finance, banking and financial services, legal, sales and marketing rose by 6 percent  in Q3 compared to Q2. The growth was strongest in legal (17 percent), followed by banking and financial services (14 percent). However, accounting and finance sectors saw a decline of 5 percent.
In Saudi Arabia, the number of advertised jobs rose by 5 percent every quarter, however declined by 32 percent every year.

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Jason Grundy, country head at Robert Walters – Middle East, said: “Market conditions remain tough in the professional space across the Middle East. Nevertheless, we have seen a significant increase in roles post summer and we are optimistic that we will see a stronger Q4. “It is positive to see growth in the senior professional market quarter on quarter. However, this is from a low base after a particularly quiet summer across the Middle East.” He added: “The year on year is so acute, because Q3, 2016 was the high point in terms of jobs advertised in the recent short term cycle.”

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The index showed that job numbers in Saudi have accelerated quicker than the UAE, because of the expansion of the non-oil sector.


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