Saudi Press

Saudi Arabia and the world
Saturday, Feb 24, 2024

Saudi unemployment rises to 9.9% in Q3

Saudi unemployment rises to 9.9% in Q3

The unemployment rate of Saudi nationals in the third quarter of 2022 has risen to 9.9 percent, compared to 9.7 percent in the second quarter of this year, according to data released by the General Authority for Statistics.
The GASTAT report noted that the unemployment rate of the total population in Saudi Arabia remained unchanged at 5.8 percent in the third quarter.

This data comes as the labor force participation rate of Saudis increased by 0.7 percentage points to 52.5 percent, and the employment-to-population ratio of Saudis increased by 0.5 pp to 47.3 percent.

The GASTAT data noted that the unemployment rate among Saudi Arabian females rose to 20.5 percent in the third quarter, up 1.2 pp from last quarter, and down 1.4 pp from a year ago.

According to the report, the increase in the unemployment rate in the third quarter was accompanied by an expansion of Labor force participation that outpaced employment growth. 

Unemployment rates among Saudi Arabian males, however, fell to 4.3 percent in the third quarter, down 0.4 pp from the last quarter, and down to 1.6 pp compared to a year ago.

Among Saudi female youth, aged between 15 to 24, the unemployment rate fell by 2.6 pp to 27.9 percent, as labor participation rate rose to 1.4 pp to 20.2 percent and the employment-to-population ratio increased by 1.5 pp to 14.6 percent. 

The unemployment rate among Saudi male youth also dropped by 0.8 pp to 10.9 percent. 

“Among Saudi male youth, the unemployment rate fell, accompanied by a contraction in labor market participation and employment losses. The participation rate fell 1.3 pp to 37.6 percent, the employment-to-population ratio fell 0.8 pp to 33.5 percent and the unemployment rate fell 0.8 pp to 10.9 percent,” said GASTAT in the report. 

According to the report, 73.7 percent of unemployed Saudi females and 90.3 percent of unemployed Saudi males said that they would accept work for eight hours or more per day. 

“93.3 percent of unemployed Saudis would accept employment in private sector. Results of the survey showed that 58.4 percent of unemployed Saudi females and 42.6 percent of unemployed Saudi males would accept a maximum commuting time to work of one hour,” added GASTAT in the report. 

The report further noted that 75.2 percent of job seekers asked friends or relatives to procure a job, while 57.3 percent applied directly to employers. 

Newspaper advertisements and magazines were used by 50 percent of job seekers, followed by 48.2 percent who used the Jadarah platform. 44.5 percent and 8.1 percent of job seekers made use of two government platforms, TAQAT and Saad respectively. 
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Apple warns against drying iPhones with rice
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
The U.S. vetoed a U.N. Security Council resolution calling for a temporary ceasefire in Gaza, instead proposing its own six-week ceasefire plan contingent upon the release of all hostages held by Hamas
Prince William Urges End to Gaza Conflict
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel has gone ‘beyond self-defence’ in Gaza, says Labour’s Streeting
EU Calls for Immediate Ceasefire in Gaza Conflict
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
Saudi Arabia Introduces Terms for 30-Year Income Tax Exemption for Multinational Companies
Saudi FM: Establishing Palestinian state is only pathway for Mideast stability
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Elon Musk's Starlink Gets License For Israel, Parts Of Gaza
Influencers Exploit X Platform for Profit Amidst Israel-Gaza Conflict
PM Modi Announces Opening Of New CBSE Office In Dubai
International Criminal Court's Chief "Deeply Concerned" By Rafah Bombing
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Indian female military officers commend Saudi Arabia's progress and women's empowerment
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Israel Utilizes AI Military Technology in Gaza Conflict
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
China Warns Iran to Halt Houthi Attacks or Damage Trade Ties
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Iran-backed hackers interrupt UAE TV streaming services with deepfake news
Facebook and Instagram Ban Iran's Supreme Leader
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
U.S. Secretary of State Blinken: The Israelis underwent dehumanization on 7.10, this does not give them the right to do this to others.
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
UK Bans Misleading "Zero Emissions" Claims for Electric Cars
Gaza's Teen Inventor Sparks Light in Displacement
Netanyahu Rejects Ceasefire Proposal, Insists On Total Victory Over Hamas
Guterres appoints independent UNRWA review panel
Private Sector Employment Hits Record High with Over 11 Million Employees in January
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
ZATCA Cautions Against Scammer Schemes
INTRA Defense Technologies inaugurates drone factory in Riyadh
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, has announced a partnership with the London Metal Exchange to set up metal storage and delivery centers in the country. Alkhorayef highlighted Saudi Arabia's expanding military industries sector, crediting the Public Investment Fund (PIF) as a key partner, during his speech at the second PIF Private Sector Forum in Riyadh
×