World Economy

Fall in UAE Job Market

Fall in UAE Job MarketFall in UAE Job Market

The jobs market in the United Arab Emirates has seen a slowdown in year-on-year growth, the latest figures from the Monster Employment Index in the Middle East revealed, Albawaba reported. The index, which is a monthly measure of online job activity, found the education sector to be the hardest hit with its employment growth falling by 22% year-on-year in October 2015. Meanwhile, the oil and gas industry saw a 19% drop from October 2014. However, the banking, financial services and insurance industry, information technology and telecom sectors saw strong growth of around 30%.