Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Unemployment rate among Saudis falls to 8% in 4Q of 2022

Unemployment rate among Saudis falls to 8% in 4Q of 2022

The General Authority for Statistics (GASTAT) has revealed that the unemployment rate among Saudis recorded a significant drop, which hit 8 percent during the fourth quarter of 2022, compared to 9.9 percent in the third quarter of the year.
There has also been a decrease in the unemployment rate for the total population in the Kingdom, which reached 4.8 percent compared to the third quarter of 2022, according to the Labor Market Bulletin released by GASTAT.

This decline was attributed mainly to the enhanced government activities, as well as the role of the private sector in the employment generation process. These exceed the expectations despite the economic conditions experienced by most countries of the world, including the G20 countries, due to the economic challenges and geopolitical factors that they are going through.

The low level of unemployment in the Kingdom also comes as a result of legislation and Saudization programs, job support schemes and follow-up on establishments by all relevant government agencies. This has been instrumental in scoring a record that has not been achieved before at the level of the unemployment rate for the total population. The plans and initiatives under the Kingdom’s Vision 2030, and the reforms, legislation and launch of promising sectors have all contributed to achieving the highest labor force participation rate.

The GASTAT report also revealed that the significant fall in the unemployment rate reflects the great impact of the plans and programs of the Vision 2030, which set creating job opportunities for Saudis as one of its most important priorities.

It also noted that the seasonal job opportunities in the fourth quarter of 2022 had an impact on reducing unemployment rates and providing jobs, which in turn contributed to enhancing knowledge and acquiring cumulative experiences to compete in the labor market at various levels.

GASTAT revealed that while there has been a decrease in the unemployment rate for Saudis in general, the unemployment rate for Saudi women significantly dropped in the fourth quarter of 2022, reaching 15.4 percent compared to 20.5 percent in the previous quarter. The unemployment rate for Saudi males decreased to 4.2 percent compared to 4.3 percent in the previous quarter.

These positive results come in conjunction with the Saudi economy recording the highest growth in gross domestic product (GDP) — 8.7 percent. This is the highest growth rate among the G20 countries. The decline in Saudi unemployment rates is consistent with the results of the employment survey by the Purchasing Managers' Index (PMI) in December 2022 wherein a strong growth in the acceleration of job creation was witnessed. The PMI index reading recorded 52 points, and this was the highest figure in the past five years since January 2018.

GASTAT also noted that the high participation rate in the labor force for Saudis confirms the attractiveness of the labor market and its role in employing and absorbing Saudis. The number of male and female Saudi workers registered in the social insurance system reached a record figure of 2.2 million.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×