Saudi unemployment rate drops to 9.7% in Q2: GASTAT

RIYADH: The unemployment rate for Saudis decreased to 9.7 percent in the second quarter of 2022, a drop of 0.4 percentage points compared to the first quarter of 2022, according to data released by the General Authority for Statistics.

This comes as the labor force participation rate of Saudis increased by 1.7 percentage points to reach 51.8 percent, and the employment-to-population ratio of Saudis increased by 1.7 percentage points, reaching 46.8 percent compared to the last year, the GASTAT report added.