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Sun 21 Aug 2011 06:40 PM

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Big Bahrain rebound boosts GCC job activity in July

Monster Worldwide says region saw 14% rise in recruitment activity as Bahrain emerged from unrest

Big Bahrain rebound boosts GCC job activity in July

Recruitment activity soared by 14 percent in July driven by a major rebound in opportunities in Bahrain, according to latest data supplied by recruitment firm Monster Worldwide.

The Gulf kingdom, which is recovering from months of social unrest, saw a 46 percent increase in activity compared to six months ago, Monster said in a statement issued on Sunday.

Saudi Arabia remained flat over the six-month period, dropping 10 percent from June levels.

Oman (down 17 percent) experienced the sharpest six-month decline, although its July performance did halt a three-month slide.

"The Monster Employment Index Gulf's positive movement in July reflects further escalation in hiring efforts by regional employers to contrast with the subdued levels of late-spring," said Sanjay Modi, managing director, Monster.com (India/Middle East/South East Asia).

"Across the Gulf, we're seeing ongoing growth in demand for professionals in finance, legal, HR, and administrative fields."

Following July's increase, Monster said four of the 12 industry sectors monitored now registered positive six-monthly growth.

The banking, financial services and insurance (BFSI) sector was the fastest growing in the region over the past six months, registering 19 percent growth.

Engineering, construction and real estate (up five percent) also continued to record steady long-term growth.

But the hospitality sector saw declines of 27 percent and advertising, market research, public relations, media and entertainment fell 25 percent.

The Monster Employment Index is a monthly gauge of online job demand in Middle East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career websites.

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