According to the Monster Employment Index (MEI) for November, the oil and gas sector in Saudi Arabia has experienced a 34% increase in online recruitment.
While there’s been an overall decline in year-on-year momentum in Saudi Arabia — a 7-percentage point decline from -12 percent in October to -19 percent in November — the oil and gas industry continues to lead growth in online recruitment in the area from the same period last year.
This is followed by 10 percent growth in the education sector. The highest decline was observed in the hospitality sector at -41 percent reflecting the challenges the industry is facing at the regional level.
Sanjay Modi, managing director of Monster.com, APAC and Middle East, said in a statement: “While it is encouraging to see continued growth in the oil and gas industry, this is not projected to rise further amid supply cuts announced recently by the Organization of the Petroleum Exporting Companies (OPEC). However, as the Kingdom focuses on economic diversification, job opportunities in purchase, logistics and supply chain sector are likely to grow further in 2017.”