World Economy

UAE Hiring Slumps 33%

UAE Hiring Slumps 33%UAE Hiring Slumps 33%

Hiring in the UAE slowed significantly in September as market conditions remained uncertain but forecasts suggest employment prospects could pick up in 2017, Arabian Business reported. According to the Monster Employment Index, the UAE registered a 33% year-on-year decline in overall job opportunities posted online compared to September 2015. It said the continuing decline observed over the past three months could be attributed to the lingering oil prices and the challenging market conditions that have made companies hesitant about growing their workforce.


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