By Khaled Al-Suliman
I used to get complaints from a lot of unemployed readers whenever I wrote about a topic relating to employment. Now I get complaints from readers who have lost their jobs. This shows that the number of people getting laid off in the private sector is increasing.
Unlike the US, we don’t have precise numbers of vacant jobs in the private sector. The Ministry of Labor and Development never issues such details. The private sector is not offering new jobs and people becoming unemployed is expected due to the decrease in government spending.
However, are more employees losing their jobs? Yes, this is what seems to be happening. In the future we will have precise data about the negative impact on the decrease in government spending and the recession. These changes will impact a lot of people and there is a need for professionals to prove it has occurred.
When the budget of 2017 was announced, officials spoke about the financial balance program in addition to the expected effects of austerity and that we should be prepared to face it because this will last till 2020. They added that the economy would eventually improve and that the private sector will open up to more employment opportunities.
There is one more question – will the layoffs in the private sector and the recession threaten small companies and organizations and push them out of the market? Will they be able to last until 2020?
