Unemployment in United Arab Emirates
United Arab Emirates - Unemployment
Growth likely expanded at a softer pace in the second quarter as ongoing compliance with OPEC production cuts seemed to drag significantly on the energy sector. Conversely, the non-energy economy appears to have accelerated as the non-oil sector PMI surged in Q2. Turning to H2, growth is expected to be slowing further. The non-oil sector PMI posted the joint-lowest reading since May 2010, due to paltry demand and weaker output growth. In other news, the IMF concluded its Article IV visit in early November; while it recognized efforts to promote the non-oil economy, such as allowing full foreign ownership in selected sectors, it noted significant strides are still needed. On the fiscal front, the IMF noted current stimulus levels were appropriate, but suggested strengthening fiscal frameworks to ensure long-term fiscal sustainability.United Arab Emirates - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 2.3 | 2.1 | 1.8 | 1.6 | 2.5 |
United Arab Emirates Unemployment Chart
Source: World Bank.
United Arab Emirates Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.67 | 0.0 % | Nov 21 |
| Stock Market | 0.1 | 0.75 % | Nov 21 |
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Economic News
United Arab Emirates: PMI withers to a decade low in November
December 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI) was ticked down to 50.3 in November from 51.1 in October—the lowest reading since August 2009.
United Arab Emirates: Consumer prices continue to fall in August
October 23, 2019
Consumer prices increased 0.33% month-on-month in August, contrasting July’s 0.79% fall.
United Arab Emirates: PMI dips to a series record-low in September
October 3, 2019
The IHS Markit Purchasing Managers’ Index (PMI) ticked down to 51.1 in September from 51.6 in August.
United Arab Emirates: PMI plummets to an eight-year low in August
September 3, 2019
The IHS Markit Purchasing Managers’ Index (PMI) plunged to 51.6 in August from 55.1 in July.
United Arab Emirates: PMI weakens in July, registering lowest reading since February
August 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI) fell from 57.7 in June to 55.1 in July.
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