{"id":97434,"date":"2024-11-01T00:00:00","date_gmt":"2024-11-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/"},"modified":"2024-11-01T00:00:00","modified_gmt":"2024-11-01T00:00:00","slug":"jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/","title":{"rendered":"Jobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch"},"content":{"rendered":"

The UAE led the GCC in terms of growth of new jobs in 3Q 2024, with<\/strong> an 8% q-o-q increase<\/strong> in vacancies, followed by Saudi Arabia with 7% and Qatar with 3%, according to Cooper Fitch\u2019s Q3 Gulf Employment Index (pdf)<\/a>. Overall, the GCC area experienced a 6.5% q-o-q growth in new jobs in 3Q 2024, with this rising momentum expected to last until early 2025.<\/p>\n

GCC hiring patterns are driven by sizable investments in technology, media, telecommunications, and space commercialization<\/strong>, attracting swathes of international talent, especially in the UAE and Saudi Arabia, Cooper Fitch CEO Trefor Murphy told Dubai One (watch, runtime: 7:27<\/a>). Several sovereign funds in the region are also heavily investing in fintech, hospitality, and real estate, creating a mass of jobs in these sectors. <\/p>\n

The biggest sectors:<\/strong> The real estate sector saw jobs increase 9% q-o-q during the quarter, while consulting saw jobs increase 14% q-o-q in the region. Other flourishing sectors include legal roles, which increased by 9% across the GCC in 3Q 2024, and banking jobs rose by 13% compared to the previous quarter.<\/p>\n

Final quarter expectations range between 2% to 3% growth in GCC jobs<\/strong>, with indicators signaling that UAE-based job creation will reach an all-time high, and Saudi Arabia will experience a decline in new jobs provided, Murphy said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The GCC\u2019s top hiring industries include real estate and consulting<\/p>\n","protected":false},"author":1,"featured_media":97435,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1556],"tags":[19,1072,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-employment","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"9e7aea94-cee7-4820-a945-f2bf1f011bc8","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1808.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch","related_issue":[97429],"teaser":"The GCC\u2019s top hiring industries include real estate and consulting","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.bdf6fcf0-23d4-459f-bf44-d920e9db0e98.mp3"},"yoast_head":"\nJobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch\" \/>\n<meta property=\"og:description\" content=\"The GCC\u2019s top hiring industries include real estate and consulting\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1808.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Jobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch\",\"datePublished\":\"2024-11-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/\"},\"wordCount\":210,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1808.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Economy\",\"employment\",\"EnterpriseAM UAE\"],\"articleSection\":[\"ECONOMY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/jobs-grew-8-q-o-q-in-3q-2024-cooper-fitch\/\",\"name\":\"Jobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch - 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