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Saudi unemployment rate falls to 4.9%

Saudi unemployment rate reduced, according to official government statistics

Saudi jobs

Unemployment rates in Saudi Arabia declined in Q2, according to an estimate of the Labour Force Survey issued in the Labour Market Statistics report by the General Authority for Statistics (GASTAT).

It showed a 4.9 per cent decrease in the overall unemployment rate in Saudi Arabia (for Saudis and non-Saudis) between April to June over January to March.

The report showed a decrease to an 8.3 per cent unemployment rate for Saudis in Q2/2023 compared to 8.5 per cent in Q1/2023.

Saudi unemployment

The unemployment rate among Saudi women decreased to 15.7 per cent compared to 16.1 per cent in Q1/2023, while it remains unchanged at 4.6 per cent among Saudi men.

According to the report, the overall labour force participation rate in Saudi Arabia (for Saudis and non-Saudis) decreased to 60.8 per cent in Q2/2023 over Q1/2023.

The report showed a decrease to 51.7 per cent in the Saudi labour force participation rate in Q2/2023 over Q1/2023.

Participation rate among Saudi women decreased to 35.3 per cent compared to the previous  quarter, and participation rate among Saudi men decreased to 67.5 per cent compared to 68.3 per cent in Q1/2023.

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