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Kingdom's unemployment drops to 3%
The overall unemployment rate in Saudi Arabia decreased to 3% during the second quarter of 2026, representing a slight decline of 0.1 percentage point compared to the previous quarter and a 0.2 percentage point drop from the same period last year. The unemployment rate among Saudis reached 6.5%, with a modest quarterly increase of 0.1 percentage point, while showing a 0.3 percentage point decrease on an annual basis. Additionally, indicators showed a decline in Saudi participation in the labor market, with participation rates among Saudi men and women decreasing, although the youth participation rate (aged 15 to 24) reached 23.8%. The unemployment rate among Saudis in the 25-54 age group stood at 5.5%. Overall, these figures suggest stability and a gradual decline in unemployment rates, although the unemployment rate among women increased to 9.6%.
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