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FINANCIAL NEWS
UAE jobless rate falls to 4.2% last year
31 May 2010
(MENAFN) A report issued by the UAE government showed that the country?s unemployment rate fell to 4.2 percent last year from double-digit levels, despite the impact of the global financial crisis, Gulf News reported.
The report showed that 53 percent of the UAE population is employed while 19.9 percent has no desire to work. Employment rate among expatriate workers is 79 percent while about 45 percent of UAE nationals are employed.
The report highlighted that the majority of the unemployed are fresh graduates under the age of 25. Among the emirates, the unemployment rate is lowest in Dubai due to the high level of economic activity.
The economically active workforce is aged between 25 to 54 years. Of this group, 42 percent is female while the average of the male working population in this age bracket is more than double, 89 percent.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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