UAE job vacancies down 38% year-on-year; research
Vacancies dropped 6% quarter-on-quarter in Q2 2017, adds Robert Walters
Advertised job vacancies in the UAE dropped 38% year-on-year, according to new research.
There was also a 6% decline in the number of UAE job vacancies posted online in the second quarter of 2017 compared with the previous quarter, according to recruitment agency Robert Walters Middle East.
However, the agency noted that more than a third of the quarter contained Ramadan and the subsequent Eid festival, which might have been a key factor in the decline.
The drop was especially apparent in the professional services sector, where advertised job numbers in the second quarter of 2017 were down 38% compared to the same quarter of 2016.
For example, within this sector, procurement and supply chain saw a 29% for professionals despite a steady first quarter. This may have been due to businesses already filling roles at the beginning of the year, the agency said.
Vacancies across many other specialist sectors fell in single digits, including finance and accounting, legal, and sales and marketing.
The banking and financial services was the exception to the decline - it registered a 30% increase in demand for finance professionals in the second quarter of the year in comparison to Q1 2017, according to the research.
Jason Grundy, country head at Robert Walters - Middle East, said: "Market conditions remain tough in the professional space across the Middle East.
"The timing of Ramadan and Eid falling in Q2 this year has had an impact in the significant reduction in advertised jobs.
"Nevertheless, we saw a significant increase in roles post the Eid holiday week and, despite tough market conditions, we predict a double-digit increase in professional jobs advertised in the professional space in the third quarter of 2017, which we due to report in early October."
The Robert Walters Job Index, launched in the first quarter of 2015, tracks advertising volumes across leading job boards, across the accountancy and finance, banking and financial services, legal, sales, marketing, and procurement and supply chain, across the Middle East.