[Emirates 24/7] At the rate of close to a quarter (23.7 per cent), unemployment among 15-24 year olds in the Middle East region is the second highest in the world, according to a report by Deloitte Middle East, an audit, tax and financial consulting firm.
Although job-creation rates have been impressive, with, for instance, the UAE creating more than 100,000 jobs on average every year between 1996 and 2000, Rachid Bachir, the Director -- Public Policy, Consulting, at Deloitte in the Middle East, says phenomenal employment growth and unemployment amongst nationals is relatively high.
"The unemployment rate among Emiratis in the capital city, for example, reached 14 per cent in 2009," he says in his report 'Wanted: a national labour force'. |