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Saudis Record Jobs Despite Regional Tensions
The unemployment rate among Saudis slightly increased to 6.5% at the end of the second quarter, up from 6.4% in the first quarter, but it remains below pre-pandemic levels, when unemployment was 6.3%. Despite the marginal rise in unemployment, the private sector recorded its highest employment levels for Saudis, with 2.65 million employees, adding 56,500 jobs over three months, supported by growth in the non-oil sector and by stimulus and empowerment programs for women. Women's participation in the labor market exceeded the targeted 35% ahead of schedule, reaching that goal in 2025, as support for Vision 2030 continues to focus on reducing unemployment and strengthening the private sector as a main driver of the economy.
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