UAE, Saudi jobs markets remain 'tough' amid slowdown

Job vacancies for professionals rise in Q3 compared to previous quarter but are well below 2016 levels
By Staff writer
Tue 14 Nov 2017 10:49 AM

Job vacancies for professionals in the Middle East increased by 5.5 percent in the third quarter 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 vacanciesacross accountancy and finance, banking and financial services, legal, sales and marketing rose by 6 percent in the UAE rose in the third quarter compared to Q2.
   
Jobs growth was strongest in legal (17 percent), with banking and financial services (14 percent) also seeing healthy growth.
   
Accounting and finance sectors saw a decline in advertised jobs of 5 percent.
   
In Saudi Arabia, the number of advertised job vacancies rose by 5 percent quarter by quarter by were down by 32 percent year-on-year.

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."

The index showed that Saudi job numbers have accelerated overall quicker than the UAE where the expansion of the non-oil sector appears to be driving job creation.

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