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

Industry: Banking and Payments
Current: Other Industry Indicators

The number of active Technology related job postings driven by Technology in the Banking and Payments sector of the Middle East and Africa region decreased by 4.91% MoM, and decreased by 9.86% since October 2023, reaching 1,627 active job postings in January 2024.
A total of 748 new Technology related jobs were posted in January 2024, witnessing an increase of 0.54% as compared to the previous month. On the other hand, 832 Technology related jobs were closed in the same month implying that companies took out 5.78% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new Technology related jobs posted decreased by 24.44% and the number of Technology related jobs closed decreased by 18.59%.
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new Technology related jobs posted observed a negative growth rate of 8.92%, the number of active Technology related job postings observed a negative growth rate of 3.4% and the number of Technology related jobs closed observed a negative growth rate of 6.63%. Between October 2023 and January 2024, the average number of Technology related jobs posted stood at 862, the average number of Technology related jobs closed stood at 914 and the average number of active Technology related jobs stood at 1,748.