image description
image description
Tell A Friend

FinancialNews


  • 19-04-21

    Unemployment rate in Saudi Arabia drops to 12.6 percent

    (MENAFN)The recent data from the General Authority for Statistics (GaStat) showed that the unemployment volume in Saudi Arabia dropped to 12.6 percent in the last three months of last year, decreased from 14.9 percent the preceding quarter.

    The drop in joblessness attributed to more women and young people enrolling the Saudi labor force at the end of the previous year, showed a report by Riyadh-based investment management advisory Jadwa Investment.

    The Jadwa report further showed that “The recovery in the labor market has proceeded quicker than we anticipated (with Saudi unemployment at 12.6 percent at the end of 2020, versus our forecast of 14 percent). At the same time, however, the swift recovery reinforces our view that Saudi unemployment will decline to 12.1 percent by the end of 2021.”

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved