By Gavin Gibbon
Job postings for construction, media and comms, recreations and travel and retail have all shown sharp declines
Software and IT services, healthcare and corporate services have all appeared to have weathered the Covid-19 storm well so far in the UAE, according to the latest data from LinkedIn.
All three sectors have witnessed a year-on-year increase in job postings, despite the onset of the coronavirus crisis, compared to 2019, with software and IT services up 66.2 percent, healthcare (+28.4 percent) and corporate services (+14.4 percent) for the period March to May.
However, the comparative data for the same three months shows a number of industries struggling in the current economic climate, in particular construction (down 14.6 percent), media and communications (-30.4 percent), recreations and travel (-50.1 percent) and retail (-62.9 percent).
Ali Matar, head of LinkedIn MENA and emerging markets in Europe and Africa, revealed that, as expected, hiring in the UAE has fallen steeply since the onset of Covid-19 at the beginning of March, although he revealed the downturn stabilized somewhat towards the end of April and continued in an “upward trend” of slow recovery in line with global trends in May.
While the share of remote job postings in the UAE on the social media site, compared to all jobs postings on LinkedIn, is up by 2.56 times from mid-March to the last week of May.
He told Arabian Business: “As was to be expected and on par with other developed economies, hiring activity slumped drastically in March, with the crisis elevated to a global pandemic by the WHO and many parts of the world, including the UAE, limiting business activity to mitigate risk to public health.
“Since then we have noticed the downturn stabilise and while recovery is still very much in its nascent stage, we are cautiously optimistic.”