Saudi Arabia’s citizen unemployment rate fell to the lowest in more than three years as the kingdom’s non-oil economy recovers.
Joblessness slipped to 12 per cent in the third quarter from 12.3 per cent in the previous three months, according to data published by the official General Authority for Statistics. The quarterly data showed improvements across the board, with more Saudis working in both the public and private sectors and unemployment dropping for men and women.
Latest data shows the annual rate of job loss in the private sector is slowing, both for Saudis and foreigners. And although Saudi female unemployment remains over 30 per cent, that’s largely a reflection of more women seeking jobs as social restrictions loosen in the kingdom.