Font Size

- Aa +

Mon 21 Jul 2014 01:08 PM

Font Size

- Aa +

UAE job vacancies rocket in Q2 amid economic rebound

New survey by Morgan McKinley also shows that number of UAE jobseekers rises by 30% in second quarter

UAE job vacancies rocket in Q2 amid economic rebound
(Photo for illustrative purposes only)

Professional job opportunities across the UAE increased by 21 percent between the first and second quarters of 2014, according to a new survey by global recruitment specialist Morgan McKinley.

Its UAE Employment Monitor also showed the number of professional jobseekers rose by 30 percent during the same review period.

Morgan McKinley said recruitment activity in the professional jobs market increased from 6,653 vacancies in Q1 to 8,057 in Q2, which also represents a five percent rise when compared to Q2 2013.

Professionals looking for new positions in Q2 totalled 45,575, a 30 percent increase on the 35,138 that were seeking work in Q1, and a 12 percent rise on the jobseekers who were searching for new job opportunities in Q2 2013.

Trefor Murphy, managing director, Morgan McKinley UAE, said: “In our latest UAE Employment Monitor we can reveal that job figures continue to rise, both in terms of those seeking employment and positions available, as the region continues to move away from recession.

"This is consistent with recent data from the Dubai Statistics Centre which revealed that Dubai’s economy grew at a faster rate last year than at any time since 2007.

"Moreover, Q2 is always a significant time for hiring in the region, especially this year with Ramadan beginning in late June and companies pre-planning for the summer slowdown."

Figures revealed that the strongest sectors included construction which Murphy said showed "no signs of slowing".

"However, the jobs growth is not solely limited to construction, as the manufacturing, banking and tourism sectors are also continuing to expand, representing more of a sustainable mix for the future," he added.

Murphy said the 30 percent rise in people seeking new jobs was partly down to the "newfound confidence that employees are feeling now that the recovering economy is beginning to offer more opportunities".

But he warned that Morgan McKinley is now noting a trend of supply outweighing demand in many areas, with a large number of people moving to the UAE, particularly from the UK and Ireland, without a real career plan and lacking the appropriate expertise required by companies here.