Unemployment among Saudi citizens falls to 7.1% in Q2
Saudi citizens continued to decrease in the second quarter, falling to 7.1%, according to government data released on Monday, down from 7.6% in the previous quarter, and from 8.5% in the same period a year earlier.
The overall rate of unemployment, which includes expatriate workers, fell to 3.3% in Q2, down from 4.1% in the prior year period, the General Authority for Statistics said.
More than 60% of Saudi citizens are under the age of 30, and job creation — especially in the private sector — is a key focus of Crown Prince Mohammed Bin Salman's Vision 2030 programme, which seeks to stimulate the economy and diversify it away from oil.
According to the latest data, 95.5% of unemployed Saudi citizens are willing to accept job offers in the private sector.
A gradual loosening of some social restrictions as well as labour market reforms have also encouraged more women into the workforce.
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