Growth of Gulf jobs market slows down

The Gulf jobs market has registered a big slowdown in October, as oil prices continue their downward trend, according to recruitment firm Monster. According to the Monster Employment Index, which measures real-time online job demand in the region, the year-on-year growth rate slowed from 24% in September to 14% in October. The education sector in the Middle East recorded the most notable decline in October, closely followed by the oil and gas sector. Meanwhile, banking, financial services and IT and telecoms remain the best performing industry groups in the region.