Thursday 28 September 2023

Unemployment among #Saudi s falls to 8.3% in Q2 | Reuters

Unemployment among Saudis falls to 8.3% in Q2 | Reuters

Joblessness among citizens in Saudi Arabia declined to 8.3% in the second quarter, down from 8.5% in the previous quarter and 9.7% in the same period a year ago, official data published on Thursday showed.

The overall rate of unemployment - which includes foreign nationals - stood at 4.9% in Q2, down from 5.8% in the prior year period, data from General Authority for Statistics showed.

Foreign nationals comprise just over 40% of the kingdom's total population according to the latest census, the majority of whom need an employment contract to live there.

The unemployment rate for female citizens - who have seen certain freedoms expanded under the crown prince - fell to 15.7%, from 19.3% a year ago, although the jobless rate among males remained almost the same from last year and stood at 4.6% in Q2.

No comments:

Post a Comment