Saudi Arabia achieves historic low unemployment rate - Times Kuwait

Saudi Arabia achieves historic low unemployment rate - Times Kuwait

According to data from the General Authority for Statistics, Saudi Arabia has reached a significant milestone in its labor market, with the unemployment rate among citizens dropping to 7% during the fourth quarter of 2024. This marks the lowest unemployment rate ever recorded in the Kingdom’s history, reflecting the success of ongoing economic and employment initiatives. This improvement is largely attributed to a substantial decline in the unem…

Positive Momentum Continues in the Saudi Labor Market

Data for the fourth quarter of 2024 shows that the positive momentum in the Saudi labor market is continuing amid robust growth in the non-oil economy. The unemployment rate for Saudi nationals fell to 7%, down from 7.8% in the corresponding quarter of 2023, with a particularly large decline for women (13.9% to 11.9%). The labor force participation rate of Saudi nationals also increased during 2024 from 50.4% to 51.1% with the participation of b…

The General Authority for Statistics has adopted population estimates based on the results of the 2022 Saudi Census, starting from the first quarter of 2024 onwards. The Labor Market Bulletin includes the main indicators of labor market statistics.