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Middle East and Africa: Job Trends in the Banking and Payments Sector (October 2023 - January 2024)

  • The number of active job postings in the Banking and Payments sector of the Middle East and Africa region decreased by 10.08% MoM, and decreased by 16.41% since October 2023, reaching 3,595 active job postings in January 2024.

  • A total of 1,883 new jobs were posted in January 2024, witnessing an increase of 7.11% as compared to the previous month. On the other hand, 2,286 jobs were closed in the same month implying that companies took out 10.92% more jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 27.74% and the number of jobs closed decreased by 15.43%

  • 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 10.27%, the number of active job postings observed a negative growth rate of 5.8% and the number of jobs closed observed a negative growth rate of 5.43%. Between October 2023 and January 2024, the average number of jobs posted stood at 2,145, number of jobs closed stood at 2,346 and number of active jobs stood at 4,048.

Middle East and Africa: Job Trends in the Banking and Payments Sector (October 2023 - January 2024)

Published: September 2022
Source: GlobalData

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