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UAE non-oil sector reports first fall in job growth since August 2009

UAE non-oil sector reports first fall in job growth since August 2009

Old Sep 4th 2018, 8:01 pm
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Default UAE non-oil sector reports first fall in job growth since August 2009

https://www.zawya.com/mena/en/story/...0180904073157/
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Old Sep 5th 2018, 8:19 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

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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Old Sep 5th 2018, 11:35 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by Scamp View Post
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.
did he also give an update on the sheikh?
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Old Sep 5th 2018, 12:05 pm
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Default 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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Old Sep 6th 2018, 6:55 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by Millhouse View Post


did he also give an update on the sheikh?
5yrs they've been keeping him in shades and sat upright. Waiting for the right Eid.
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Old Sep 7th 2018, 4:17 am
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Default 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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Old Sep 7th 2018, 4:36 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by al dente View Post
In real terms what does a growth measurement of 55 mean if 49.9 is a contraction? What is a healthy number?
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
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Old Sep 7th 2018, 6:52 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by weasel decentral View Post
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
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
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Old Sep 8th 2018, 6:07 am
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Default 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.
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Old Sep 9th 2018, 3:45 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by weasel decentral View Post
This post may expose me as a boring economist
The opposite, love a bit of knowledgeable chat, it's vaguely sexy.
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Old Sep 9th 2018, 3:47 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by Millhouse View Post


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
Same as above, ish.

Thanks
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Old Sep 9th 2018, 5:19 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by weasel decentral View Post
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
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.
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Old Sep 9th 2018, 5:59 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by Scamp View Post
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.
Your fiancee is one lucky gal.
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Old Sep 9th 2018, 7:22 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by al dente View Post
Your fiancee is one lucky gal.
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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Old Sep 9th 2018, 8:04 am
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Default Re: UAE non-oil sector reports first fall in job growth since August 2009

Originally Posted by Scamp View Post
Occasionally the tone just needs lowering a bit, you know?

It's not like there are any people left posting on here anyway.
Ha ha. I am just too caught up in this age's curse, whatsapp groups.... Two of them have over 80 members, can you imagine the horror...
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