Wednesday, 30 March 2022

#SaudiArabia’s Expat Exodus Reverses Course as Job Market Booms - Bloomberg

Saudi Arabia Unemployment Rate Meets Crown Prince’s Target With Drop to 11% - Bloomberg


An exodus of foreign workers from Saudi Arabia started to reverse after a year and a half as the economy recovers from the pandemic and oil prices rally.

The private sector added more than 250,000 jobs for non-Saudis, according to fourth-quarter data released on Wednesday by the kingdom’s General Authority for Statistics. Citizens also benefited, with more than 83,000 jobs added for Saudis in the private sector and nearly 24,000 in government.

Unemployment among nationals dropped to 11%, the lowest level since 2009. The jobless rate rose to 22.5% for Saudi women and declined to 5.2% among Saudi men.

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