24 Hrs
Source:
وكالة صدى نيوز
Saudi unemployment stable amid Iran tensions
Saudi Arabia's 2026 labor market data revealed that the unemployment rate among Saudis rose to 6.5% in the second quarter, up from 6.4% in the first quarter, despite ongoing efforts to localize jobs and enhance women's participation in the workforce. Although the economy contracted by 4.7% due to a 24.8% decline in oil activities, non-oil sectors maintained a growth rate of 0.9%. The unemployment rate among Saudi women increased to 9.6%, while the citizen participation rate decreased to 48.7%. The results indicate that regional disruptions have had a varied impact on the economy and labor market within the Kingdom.
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