Job security remains one of the major concerns of UAE residents. According to the latest Global Consumer Confidence survey conducted by Nielsen, perceptions of job prospects declined this quarter to 50 per cent of survey respondents who thought job prospects were good or excellent compared to 54 per cent in the third quarter of 2010.
"Having weathered the worst of the storm with the Dubai debt [restructuring] in the last quarter of 2009, which was followed by a quick resurgence in optimism, UAE consumers are now holding their breath for a significant positive indicator," said Sevil Ermin, managing director of Nielsen in the UAE.
However, according to Christo Daniels, managing director of IQ Selection, a recruitment agency, their company has seen a rise in vacancies and hiring.
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