Monday, July 26, 2010

Slide in Dubai Unemployment Rate

According to labor data released by Dubai Statistics Centre, joblessness in Dubai has declined by almost 20 percent. It stood at barely one percent in 2009 which means more than 11,000 professionals were unemployed out of an active population of nearly 1.6 million.

The data showed that population of unemployed expatriates was just a little less than the double of that of Emirate natives. To be precise, 7,200 expatriates and 4,000 natives were left without jobs last year in 2009 mainly due to termination of their services by the employers. The reason for higher unemployment rate among expatriates could be the higher job occupancy rate of foreign professionals in Dubai as compared to natives. It has been repeatedly highlighted that population of expats in some parts of Dubai outnumbers that of locals.

Another fact that came to light by the medium of this report is that more women were jobless than men. It is interesting to note that men in the local and women in foreign communities mostly lost jobs in Emirate. Those with higher qualification suffered the brunt of recession much more than semi-skilled or unskilled workers. It is also said that most of the people spent around 2 to 3 months looking for new jobs in Dubai. Also, majority of the laid off people were single and not married or without family.

Dubai has a unique labor structure which is why these figures are not very insightful though they definitely help in analyzing the improvement in employment situation. Even though it can not be said with certainty that Dubai economy can reach pre-crisis level by this year’s end, 2011 is expected to be a much better year. Jobs in Dubai are back, if not with a big bang, then definitely with a soft thunder.

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