Dubai Has The Lowest Unemployment Rate in World [Less than 4.2%]
Tags: dubai, dubai economy, dubai jobs, dubai lifestyle, dubai news, dubai unemployment rates, national statistics bureau, uae economy report
Despite the global credit crunch and recent crisis in Dubai its been reported that Dubai has the lowest unemployment rate due to high level of economic activity. The UAE’s unemployment rate fell to 4.2% last year from double-digit.
Minister of Economy, Sultan Bin Saeed Al Mansouri, released Economic Report for 2009 by the National Statistics Bureau on this weekend.
The report showed that 53% of the UAE population is employed while 19.9% has no desire to work. Employment rate among expatriate workers is 79% while about 45% of UAE nationals are employed.
According to report majority of unemployed are fresh graduates under age of 25. The economically active workforce is aged between 25 to 54 years. Of this group, 42% is female while the average of the male working population in this age bracket is 89%.
According to the report among the emirates, the unemployment rate is lowest in Dubai due to the high level of economic activity.
However, The report showed an unexpected increase in the UAE population, touching 8.19 million in 2009, up from 8.07 million in 2008, a figure that is nearly double the 4.1 million reported during the 2006 census.
With a total GDP of Dh914 billion, this translates to Dh111,599 per capita GDP in 2009 — one of the highest in the world.
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Comments (1)
[...] Originally Posted by Victorian Squid I bet there were a lot of Darth Vader cosplayers. * One of Dick Cheney's homes is in Dubai. …That would be cool if he went to it as Darth Vader, …cuz then like it would be like,… Dick Cheney going as himself, -and as long as he kept the helmet on no one would ever know. Originally Posted by K.L.C There are comic stores in Israel. One of them in Tel Aviv even won the Eisner Spirit of Comics award. Sounds like an interesting con in a uniqoue locale. I wonder about the effect censorship laws would have on comics in the Middle East and whether digital distribution will help tunnel through local censors. * Apparently according to GreenDeath's comment the censorship involved no advertising for this event… (?) Also in case anyone is wondering what the inhabitants of the 21st Century capital of the world are doing while we watch the purchasing power of our labor go nowhere except the inevitable diminishing returns (interest rates will always be steadily rising, as well as has been the price of food and gasoline -no matter how hare anyone reading this works, our purchasing power will never be as good as it was a year ago…) 'Take a look: -right there in the middle of the DESERT : Dubai Moll Ice (comics) – YouTube! Dubai Has the Lowest Unemployment Rate in World [less than 4.2%] – FlashyDubai.com [...]