40,000 new jobs created by UAE private sector in Q2 2019

Abu Dhabi: The number of new jobs created by the UAE’s private sector during the second quarter of 2019 reached 40,000, excluding jobs in free zones, reflecting the activity of the labour market supported by positive developments in the national economy.

The national economy posted a year-on-year growth of 2.2 per cent at fixed prices in the second quarter of this year, according to the UAE Central Bank.

The private sector is continuing to create new job opportunities, increasing the total number of its workers to 5.1 million in the second quarter of 2019, compared to 5.06 million workers in the first quarter.

The number of new jobs added to the UAE’s labour market in 2018 reached 137,000, according to statistics from the Ministry of Human Resources and Emiratisation, which were included in an audit reports issued by the UAE Central Bank.

Based on documented figures, economic activity since the start of the year contributed a 1 percent increase in private sector employment in the second quarter of 2019, compared to a 0.1 percent rise in the previous quarter.

The rise in employment during the second quarter of this year is the outcome of an upsurge in real estate and other sectors, which include agriculture, mining, hotels, restaurants, brokerage, education and health.

The value of the real estate sector and other mentioned sectors rose year-on-year in the second quarter of 2019 by around 5 percent and 8.2 percent, respectively, compared to 4.4 percent and 4.9 percent in the first quarter.

The construction and real estate sectors employ 45.7 per cent of the UAE’s workforce.