Bloomberg’s report identifies the most competitive markets in the world for new jobs, and says the biggest competition is in the Middle East and technology hubs in California, USA.
According to the agency’s report, Doha, Dubai and San Francisco are among the places with the highest number of applicants for each job posting on LinkedIn in February last year, according to research by online resume creation site Resume.io.
The study was based on a survey of 130 cities around the world and every US state and tracked the number of job applications in the first week after they were announced.
Qatar’s dominance on the list is likely due to hosting the World Cup last year. Since 2010, Qatar has spent more than $250 billion preparing for the event, building almost 100 new hotels, as well as expanding its port and airport and renovating its roads.
Qatar continues to be a draw for job seekers as a study showed that in February 2023, the average number of job seekers per vacancy reached 399. Qatar has imposed a minimum wage amid outrage at the World Cup and does not tax per capita income, making it a relatively lucrative place to work.
Also Dubai and Abu Dhabi are among the most competitive job markets, they also do not pay income tax. According to LinkedIn, some of the jobs that are leading the post-epidemic job market in the UAE are medical specialties and free digital content jobs.
Cities in Northern California were considered the most competitive in the United States, and Resume.io reports that San Jose, known as the heart of Silicon Valley, had 108 applicants for every job posted on LinkedIn in February 2023, while San Francisco – 92 applicants.
Here is a list of the most competitive job markets in the world:
Source: bloomberg
