The Dubai Statistics Center’s annual “Labour Force Survey” for 2009 gives insights into recent changes in Dubai’s workforce.
A decline in unemployment of 19 percent, The unemployment rate for the emirate for 2009 was just 0.8 percent, with 11,152 people recognized as unemployed in an economically active population of 1.36 million. The economically active population formed 86.6 percent of the total population of 1.57 million, according to the figures.
This compares favorably with the OECD’s average of 8.5 percent, which is not expected to fall in the near term. Of those unemployed, 7,139 were expatriates and 3,973 were Emiratis.
Other key details:
- Unemployment rates were higher for university graduates.
- More female expatriates are out of work than males, but more Emirati males are out of work than females.
- Among Emirati’s the employment rate is 8.7 percent. 6.8 percent of those over 15 in Dubai are Emiratis, but they make up only 3 percent of the working population.
- The working age population grew by 7.2 percent, and more than 80 percent of Dubai’s working population is male
- More than 58 percent of working Emiratis had jobs in “public administration and defence,” while almost 43 percent of expatriates worked in construction.
- Almost 69 percent of working expats earn less than AED 3,000 a month,
However, analysts are currenlty bullish on the UAE. Investor confidence posted marked gains following the announcement of Dubai World’s restructuring proposal, and the Emirates as a whole is now seen as an economic bright spot in the region.
SHUAA Capital last week announced a “dramatic, positive change in investor sentiment towards the UAE,” according to the results of their GCC Investor Sentiment Index