Muhammad Suleiman Al-Anqari
The results of the labor force survey announced by the General Authority for Statistics projected a reduction in the unemployment rate among citizens to 8 percent in the fourth quarter of 2022, a historic rate compared to 9.9 percent in the third quarter of the same. It achieved the highest gross domestic product (GDP) growth rate among G20 countries at 8.7 percent, while also crossing the $1 trillion barrier for the first time. This comes six years after the launch of the implementation of the Vision 2030AD, which laid out a road map for sustainable development in the national economy and invested all its potential in activating several sectors that had a weak or passive impact, such as tourism. Also in the form of entertainment, sectors of the mining and manufacturing industries in general as well as the financial sector. active movements in the field of logistics, as well as real estate development, the construction sector and other activities that are directly and indirectly affected by the activity of the core sectors.
In addressing the unemployment file the direction of vision is closer to reach the target rate of 7 percent which should be achieved as per estimates in 2030. However, the final numbers came close to the target number seven years ago, which indicates the effectiveness of the vision’s programs in development, creating job opportunities, attracting investments and opening up many avenues. As for entrepreneurship, most job opportunities are generated in the form of small and medium enterprises, and it is evident that the support for their expansion is supported by multiple financings. program, besides enabling them with market access and competitiveness that allows everyone to find opportunities for investment and expansion, but also to focus on the great role played by the Ministry of Human Resource and Social Development through modernization and social development is also important. The development of labor market policies, which allowed greater scope to enable citizens seeking work to find opportunities at a faster pace, with an increase in the rate of recruitment of newcomers to the labor market through localization programs, in which many Health, educational, industrial included. and the service sector, as well as the leading role of the resource fund Humanity is a “goal”, with the ministry contributing to employing 400,000 male and female citizens in 2022, including 217,000 female citizens, reflecting a decline in the unemployment rate. Is. Women rose from 20.5 to 15.4 percent between the third and fourth quarters, while the male unemployment rate fell to a record low. At 4.2 percent, it is clear that the policies of the Ministry of Human Resources had a positive impact on reducing the unemployment rate, as the Emiratisation programs took into account the comprehensiveness of all target sectors and activities and at appropriate rates for each activity, its Allowed constituents to meet their goals and achieve economic goals, including reducing unemployment and addressing business risk. Especially in commercially important businesses and operationally.
With the rapid pace of development in the state, low unemployment is an important indicator of the success of economic schemes, one of the most important ways to evaluate their success is by creating job opportunities and reducing the unemployment rate. In Europe and many regions of the world, while the appetite for increased investment in the national economy seems high and employment continues to rise, which indicates that we will see a steady decline in the unemployment rate in the coming years, God willing, that demand will increase. Will contribute to supporting economic development with growth. to goods and services from new workers, which in turn contributes to increasing employment in many economic activities.