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Fri 4 Oct 2019 04:06 PM

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UAE's private sector adds 40,000 jobs in Q2

A total of 137,000 jobs have been added to the UAE's labour force in 2019 so far, according to Central Bank figures

UAE's private sector adds 40,000 jobs in Q2

The UAE's private sector created approximately 40,000 jobs in the second quarter of the year, not including jobs in free zones, according to new statistics from the UAE Central Bank. 

According to the Central Bank's statistics, the national economy posted year-on-year growth of 2.2 percent in the second quarter of the year. 

The total number of private sector jobs in Q2 stood at 5.1 million workers, compared to 5.06 million in the first quarter. 

So far in 2018, a total of 137,000 new jobs have been added to the UAE's labour market, according to the Ministry of Human Resources and Emiratisation. 

The figures show a 1 percent increase in private sector employment in Q2, compared with only a 0.1 percent rise in the previous quarter. 

The CBUAE believes the rise in employment during Q2 is largely a result of an upsurge in sectors such as real estate, agriculture, mining, hotels, restaurants, brokerage, education and health. 

The construction sector and real estate sectors are particularly important to the UAE's labour force, collectively contributing to about 45.7 percent of the total.