Saudi Labor Market Update: Unemployment and participation fall
Budget ReportAccording to data recently released by the General Authority for Statistics (GAS), the Saudi unemployment rate fell slightly from 11.7 percent in 2014 to 11.5 percent in 2015. This fall was mainly attributed to a decline in Saudi labor force participation rather than higher employment growth, as job creation for Saudis have actually slowed during the year. Looking ahead, we expect the private sector to be the main source of new jobs for Saudis, supported by continued labor market reform.
Saudi labor market update- Q3 2016
Budget ReportThe Saudi labor market continued to point to a high degree of segmentation in Q3 2016, particularly in the employment trends between Saudis and non-Saudis. This has resulted in the Saudi unemployment rate rising despite the economy creating a near record number of job.
