Employment growth slows down in 2008 mainly among expatriates.Summary: In its latest economic brief, National Bank of Kuwait The National Bank of Kuwait first opened in Kuwait in 1952 to become the first national bank in the Gulf Region. NBK was founded by Khaled Zaid Al-Khaled. NBK is currently the largest financial institution in Kuwait and one of the leading banks in the middle east with branches in (NBK NBK National Bank of Kuwait
NBK Naval Base Kitsap (Washington)
NBK Natural Born Killer(s)
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NBK Norsk Brettseiler Klubb (Norway) ) noted the continued strong growth in employment of Kuwaiti nationals in the private sector during 2008 at a double digit Noun 1. double digit - a two-digit integer; from 10 to 99
integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" rate. The 16% increase was similar to the 2007 rate but lower than the average for the previous five years. Nonetheless, the number of entrants to the private sector exceeded entrants into the public sector, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the latest data from the Public Authority for Civil Information.
Employment growth slows down in 2008 mainly among expatriatesC* Kuwaiti employment share up in private sectorC* Kuwaiti women participation up C*In its latest economic brief, National Bank of Kuwait (NBK) noted the continued strong growth in employment of Kuwaiti nationals in the private sector during 2008 at a double digit rate. The 16% increase was similar to the 2007 rate but lower than the average for the previous five years. Nonetheless, the number of entrants to the private sector exceeded entrants into the public sector, according to the latest data from the Public Authority for Civil Information.Today the private sector employs 17.8% of the Kuwaiti labor force, almost three times the share in 2000, when a national labor support law was introduced. The law called for the government to provide Kuwaitis working in the private sector with the same benefits available to their counterparts in the public sector. It also imposed minimum quotas on the share of nationals in the workforce employed by private institutions. In 2008, a new law was passed requiring higher quotas for the employment of nationals beginning in 2009. Quotas differ for various sectors.
In contrast, employment of nationals in the public sector grew 2.9%, its slowest rate in over a decade. As a result, growth in the total number of employed Kuwaitis slowed to 5.0%, though the labor participation rate improved by half a percentage point relative to 2007, more notably among females. There are signs that the participation of women among Kuwaitis has been on the rise. In the public sector the proportion of women has risen from 35% in 1998 to 43% in 2008. While the gain in this sector has been gradual The Gradual (Latin: graduale, sometimes called the Grail) is a chant in the extraordinary form of the Roman Catholic Mass, sung after the reading or singing of the Epistle and before the Alleluia, or, during penitential seasons, before the Tract. , the private sector has seen a far more dramatic shift in women participation. The proportion of women employees in the private sector has risen from 27% to 47% in the span of ten years, with most of the gains taking place in the last five years. While employment figures for Kuwaitis do not reflect the general slowdown For articles with similar titles, see Slow Down (disambiguation).
A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in economic activity seen in 2008, mainly due to the structure of the labor force and stability in public sector employment, the drop in the expatriate Expatriate
An employee who is a U.S. citizen living and working in a foreign country. labor force does. Still, the drop was mostly limited to 'domestic workers' (household maids and drivers) at over 43,000 jobs and was a reflection of the government's push to deal with illegal residents who have violated vi·o·late
tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates
1. To break or disregard (a law or promise, for example).
2. To assault (a person) sexually.
3. the terms of their residency A duration of stay required by state and local laws that entitles a person to the legal protection and benefits provided by applicable statutes.
States have required state residency for a variety of rights, including the right to vote, the right to run for public office, the and work permits. Another notable change in 2008 was a notable slowdown in employment growth of expatriates in the private sector, where they are predominantly pre·dom·i·nant
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.
2. employed. Despite the relatively few expatriates in the public sector, hiring has seen a notable rise in recent years. In 2008, public sector employment among non-Kuwaitis rose by over 8,000, accounting for a fifth of total new jobs in the economy if the domestic sector is excluded.Overall, the total labor force in Kuwait Kuwait (kwīt`, –wāt) or Kowait (kō`–), officially State of Kuwait, independent sheikhdom (2005 est. pop. was flat in 2008 at 2.05 million, registering a small 0.2% decrease. While outside the domestic sector growth remained positive at 2.6%, it was still the slowest growth in eight years. The services industry employs more than two thirds of the labor force, most of it in the community, social and personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. (includes government). The wholesale and retail trade and restaurants sector is also a major employer, with over 15% of the country's workforce. A breakdown breakdown /break·down/ (brak´doun)
1. the act or process of ceasing to function.
2. an often sudden collapse in health.
3. loss of self-control. of the top ten largest professions shows that most new jobs for Kuwaiti nationals were among clerks and secretaries, accounting for 88% of the net gain. This segment represents over a third of all jobs held by Kuwaitis. The occupational group to see most gains was 'engineers', capturing 10.7% of the net gain.
In more general terms, Kuwait's population mirrored the slowdown seen in employment, with growth slowing to 1.2% from an average of 7% over the previous five years. While the growth in the population of Kuwaiti nationals remained relatively stable, the expatriate population grew by a mere 0.4%, the slowest rate in eight years. The total population of the country stood at 3.44 million at the end of 2008. Nearly 1.1 million or 31.6% are Kuwaiti nationals with the remaining 2.34 million being expatriates.
Among non-Kuwaitis, the population figures reveal sharp drops within the younger age groups, especially among men aged 20-30. This group alone witnessed a 33,000 net decrease.Meanwhile, most other age groups among expatriates continued to see positive growth, though there was a marked slowdown from prior years. Overall, the number of working age expatriates in Kuwait declined by 4,800 during 2008. This compares with average increases exceeding 148,000 a year during the last five years.Among Kuwaitis, population figures are far more stable due to the absence of the element of migration. In 2008, the increase in working age Kuwaitis exceeded 22,000 for the first time ever. This figure has risen from around 15,000 ten years ago and represents the minimum number of jobs that must be created for nationals every year. In the past five years, the Years, The
the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]
See : Time Kuwaiti economy created an average 87,000 new jobs a year, excluding domestic workers' jobs. Most of those were of course in the private sector. So clearly, there is no problem of job creation but rather one of matching the skills and education of the labor force to the economy's work requirements. This should be the focus of future labor policies and reforms. 2009 Al Bawaba (www.albawaba.com)
2009 Al Bawaba (Albawaba.com)
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