The number of active job postings in the Aerospace and Defense sector of the Middle East and Africa region decreased by 7.27% MoM, and decreased by 3.11% since October 2023, reaching 1,556 active job postings in January 2024.
A total of 363 new jobs were posted in January 2024, witnessing a decrease of 34.83% as compared to the previous month. On the other hand, 485 jobs were closed in the same month implying that companies took out 1.62% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 27.98% and the number of jobs closed increased by 36.62%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 10.36%, the number of active job postings observed a negative growth rate of 1.05% and the number of jobs closed observed a growth rate of 10.96%. Between October 2023 and January 2024, the average number of jobs posted stood at 480, number of jobs closed stood at 455 and number of active jobs stood at 1,613.
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