The unemployment rate in Saudi Arabia dropped to 8 percent at the end of 2022, down from 11 percent in 2021, with women driving that positive change, according to a recently-released report from Jadwa Investment, citing the General Authority for Statistics’ (GaStat) latest labor market release.
Female unemployment was down to 15.4 percent in 2022 versus 22.5 percent in the previous year.
Total labor force participation edged up to 52.5 percent in 2022, with both genders witnessing higher rates, the data show.
There was also a significant rise in the number of Saudi workers in the private sector, which rose by 15 percent, from 1.9 million in 2021 to 2.2 million in 2022.
Total labor force participation edged up to 52.5 percent in 2022, with both genders witnessing higher rates.
There was also a healthy rise in the number of Saudi workers in the private sector, which rose by 15 percent, from 1.9 million in 2021 to 2.2 million in 2022.
