Unemployment among Saudi Arabia’s citizens fell to its lowest level in nearly five years, but the decline was partly driven by people dropping out of the labour force, unwelcome news for a crown prince who has put job creation for a youthful population at the centre of his agenda. The jobless rate decreased to 11.7% in the first quarter compared to 12.6% in the fourth quarter, continuing a strong downward trend after hitting a record at the height of the pandemic, according to data from the General Authority for Statistics. However, labour force participation for citizens also fell, from 51.2% in the fourth quarter to 49.5% in the first three months of the year – the sharpest drop since an
Hence then, the article about saudis leaving workforce push unemployment to a five year low was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Saudis leaving workforce push unemployment to a five-year low )