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UAE non-oil sector reports first fall in job growth since August 2009
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Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by Millhouse
(Post 12558618)
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Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by Scamp
(Post 12558815)
My mate's Dad who lives in the marina was at the Byblos and a guy he got chatting to said that his wife's friend has a husband working in the government here. He said it's fine.
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Re: UAE non-oil sector reports first fall in job growth since August 2009
Well in my line of "work", the only jobs that seem to be being touted out there at the moment are for subcontinentals or locals.
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Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by Millhouse
(Post 12558891)
did he also give an update on the sheikh? |
Re: UAE non-oil sector reports first fall in job growth since August 2009
In real terms what does a growth measurement of 55 mean if 49.9 is a contraction? What is a healthy number?
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Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by al dente
(Post 12559722)
In real terms what does a growth measurement of 55 mean if 49.9 is a contraction? What is a healthy number?
Anything above 50 means the economy is growing, below means contraction. The higher the number is above 50 the faster the growth, and the converse is true for below 50. I think mid 50s is pretty standard for sustainable growth in developed economies. Also if this month was 55 and next month is 56, it's telling you that the rate of growth is increasing. This post may expose me as a boring economist :) |
Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by weasel decentral
(Post 12559725)
It's an index so as far as I know its just comparing versus previous data as a reference, so not producing an absolute percentage growth just showing a number relatively.
Anything above 50 means the economy is growing, below means contraction. The higher the number is above 50 the faster the growth, and the converse is true for below 50. I think mid 50s is pretty standard for sustainable growth in developed economies. Also if this month was 55 and next month is 56, it's telling you that the rate of growth is increasing. This post may expose me as a boring economist :) A good case is Egypt. It’s been below 50 for months now suggesting economic contraction but the reality is quite the opposite. You might argue that the UAE number is overinflated given people’s tendancy to be quite optimistic when polled about the economy here. Converse is true for Egypt where every day is a struggle when subsidies are reducing. For me the number isnt that important but the trend is |
Re: UAE non-oil sector reports first fall in job growth since August 2009
I pay very little attention to surveys like this. Either you have a job and keep going, you don’t and keep looking, or want a new one and keep interviewing. |
Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by weasel decentral
(Post 12559725)
This post may expose me as a boring economist :)
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Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by Millhouse
(Post 12559756)
Also don’t forget that it’s largely based on a survey rather than real facts. As such it is as much sentiment driven than fact and is forward looking. A good case is Egypt. It’s been below 50 for months now suggesting economic contraction but the reality is quite the opposite. You might argue that the UAE number is overinflated given people’s tendancy to be quite optimistic when polled about the economy here. Converse is true for Egypt where every day is a struggle when subsidies are reducing. For me the number isnt that important but the trend is Thanks |
Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by weasel decentral
(Post 12559725)
It's an index so as far as I know its just comparing versus previous data as a reference, so not producing an absolute percentage growth just showing a number relatively.
Anything above 50 means the economy is growing, below means contraction. The higher the number is above 50 the faster the growth, and the converse is true for below 50. I think mid 50s is pretty standard for sustainable growth in developed economies. Also if this month was 55 and next month is 56, it's telling you that the rate of growth is increasing. This post may expose me as a boring economist :) I mean, that's moving from fully to attention to a workable semi. You're still scoring. You're not trying to thumb in a doughy yet. |
Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by Scamp
(Post 12560529)
It's also misleading to many people because slowing growth means it's still growing.
I mean, that's moving from fully to attention to a workable semi. You're still scoring. You're not trying to thumb in a doughy yet. |
Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by al dente
(Post 12560540)
Your fiancee is one lucky gal.:lol:
It's not like there are any people left posting on here anyway. |
Re: UAE non-oil sector reports first fall in job growth since August 2009
Originally Posted by Scamp
(Post 12560552)
Occasionally the tone just needs lowering a bit, you know?
It's not like there are any people left posting on here anyway. |
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