The General Authority for Statistics (GASTAT) revealed that the unemployment rate for the total population of Saudi Arabia dropped to 3.5%.
According to the Labor Market Statistics for the fourth quarter (Q4) of 2024, the Kingdom recorded a 3.5% decrease in the unemployment rate for Saudis and non-Saudis aged 15 and above.
Furthermore, the rate of Saudi nationals (both males and females aged 15 and above) declined to 7% in Q4 2024, in comparison to 7.8% in the Q4 2023.
As for the unemployment rate for the total male population, it recorded 2%. Meanwhile, the rate for females reached 10.4%.
Importantly, the participation rate of Saudi women in labor market saw a 36% growth, compared to the same period in 2023.
The statistics also showed that the unemployment rate for Saudi males reached 4.3%, while the rate for Saudi females dropped to 11.9% in Q4 2024, compared to 13.6% in Q4 2023.
Crucially, this noticeable decline in unemployment rates is basically driven by the strong and advanced performance of the Saudi labor market.
Saudi Arabia has recently made bold strides to develop the labor market, boost the employment environment, as well as support women’s empowerment initiatives.
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