Saudi unemployment rate declines to 11.8% in Q1-20

Riyadh - Mubasher: The Saudi unemployment rate decreased to 11.8% during the first quarter (Q1) of 2020, compared with 12.5% in the corresponding period in 2019.

The total unemployment rate, for people aged 15 or older, remained unchanged at 5.7% during the first three months of 2020, according to data released by the General Authority for Statistics (GaStat) on Tuesday.

Moreover, the total labour force participation rate reached 58.2% by the end of March 2020, posting a 1.8% annual rise.

According to the GaStat quarterly labour market report, the stability in the unemployment rate and the increase in the labour force participation rate are due to the rising number of employees and unemployed persons in the survey.

Mubasher Contribution Time: 07-Jul-2020 08:18 (GMT)
Mubasher Last Update Time: 07-Jul-2020 09:12 (GMT)