By Staff writer
Monster Employment Index registers 18% slump on October 2015 but is 16% up on previous month
The Monster Employment Index, a monthly gauge of online job posting activity in the Middle East, registered a 18 percent decline in online job postings across the UAE compared to the same period last year.
Despite this, the index registered the most optimistic results in the region on the month, reporting 16 percent growth over the month of September.
“This has been the first time the results for the UAE have improved since July this year, and while we hope this is an early indication of a recovery in the UAE recruitment industry, it is too early to make any predictions,” said Sanjay Modi, managing director, Monster.com, APAC & Middle East.
Industries that recorded the highest growth in online recruitment across the region included manufacturing and automotive, and healthcare at four percent and two percent respectively.
The most in-demand occupations were seen in purchase, logistics and supply chain, reporting seven percent growth.
In contrast, the hospitality sector recorded the highest decline in online job postings with a reduction of 37 percent from the same period last year, while demand in finance and account professionals also saw job postings down by 49 percent from October 2015.
From the GCC countries analysed, the latest MEI revealed Bahrain (two percent) and Oman (five percent) both registered a decline in online recruitment from last year, for the first time in six months.
Saudi Arabia recorded a six percent month on month decline and a 12 percent year-on-year decline.
Modi said: “The UAE is the most promising market among the regions monitored. This can be attributed to the nation’s commitment to diversifying its economy and becoming less reliant on oil export revenues.
"With ambitious visions and developments undergoing in many sectors, the government’s strategy has succeeded in reducing the impact of the reduced oil prices on the UAE economy. Through time, and as developments continue, we believe demand for talent in the UAE will increase.”
The Monster Employment Index is based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career web sites and online job listings.