Saudi Arabia's FIFA World Cup 2034 bid achieves highest evaluation score in history    Substitute Al-Othman leads Al-Qadsiah to a crucial victory against Al-Khaleej    Ronaldo's double powers Al-Nassr to a 2-0 victory over Damac    Riyadh Metro ticket prices starts at SR4    Minister Al-Samaani inaugurates technical office to enhance judicial quality in Qassim    Saudi Transport Authority cracks down on foreign trucks violating rules    Saudi Arabia retains its seat on OPCW Executive Council    Saudi Arabia's R&D expenditure hits SR22.61 billion in 2023    Saudi Arabia, Comoros strengthen economic ties with new MoU    Displaced Palestinians in Gaza suffer in harsh weather    Saudi Arabia receives extradited citizen wanted for corruption crimes from Russia    China investigates a top military official as Xi broadens purge of PLA generals    Russian defense minister visit North Korea to expand military cooperation    K-Pop group NewJeans split from agency in mistreatment row    Putin threatens Kyiv decision-makers after striking energy grid    Culture minister visits Diriyah Art Futures    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Best-selling novelist Barbara Taylor Bradford dies    Adele doesn't know when she'll perform again after tearful Vegas goodbye    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Unemployment rate among Saudis drops to 8.6% in 3Q
Okaz Published in The Saudi Gazette on 28 - 12 - 2023

RIYADH — The unemployment rate for the total population in Saudi Arabia reached 5.1 percent in the third quarter of 2023, according to the latest figures released by the Saudi General Authority for Statistics (GASTAT). This showed a decrease of 0.7 percent from the third quarter of 2022 and an increase of 0.2 percent from the second quarter of this year.
The unemployment rate among Saudis reached 8.6 percent in the third quarter of 2023, a decrease of 1.3 percent compared to the same quarter of 2022, and an increase of 0.3 percent compared to the second quarter of this year.
The unemployment rate among Saudi men was 9.9 percent, while it reached 5.8 percent for the total male population in the Kingdom in the third quarter of 2022.
The rate of participation of Saudi women in the workforce rose 0.6 percent, reaching 35.9 percent while the ratio of female workers to the total population also increased by 0.3 percent, reaching 30.1 percent. The unemployment rate among Saudi women rose by 0.6 percent to reach 16.3 percent, compared to the previous quarter of the same year.
As for Saudi men, the participation rate in the employment market and the employment-to-population ratio decreased by 0.7 percent, reaching 66.8 percent and 63.7 percent respectively, and the unemployment rate stabilized at 4.6 percent compared to the previous quarter of the same year.
The basic working age — from 25 and 54 years — among Saudi men and women showed an increase of 0.3 percent, reaching a total of 68.2 percent during the third quarter of this year while the employment-to-population ratio stabilized at 62.8 percent. On the other hand, the unemployment rate increased by 0.4 percent to reach 7.9 percent compared to the previous quarter of the same year.
For Saudis aged 55 years and above, labor market indicators in the third quarter of 2023 showed a decline in the ratio of workers to the population and the rate of participation in the labor force, with a slight increase in the unemployment rate compared to the previous quarter of the same year.

Clic here to read the story from its source.