The unemployment rate among Saudis approached the target of 7 percent, which was set in Vision 2030. At the end of the fourth quarter of 2023, unemployment declined to 7.7 percent, supported by a greater female participation in the labor market. Human resources experts link this positive development to corrective strategies for the labor market and nationalization programs, as well as specialized programs that target the private sector.
Saturday, 20 February, 2021 - 10:30 FILE PHOTO: View shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017. REUTERS/Faisal Al Nasser Riyadh - Asharq Al-Awsat
The Saudi Ministry of Human Resources and Social Development maintains intensive efforts to search for new sectors that provide job opportunities and reduce the unemployment rate.
On Thursday, the ministry announced its decision to localize the professions of law and education and uncovered an ongoing study to improve the wages of security and safety guards.
Dr. Akram Jadawi, a public policy expert, told Asharq Al-Awsat that the Ministry of Human Resources and Social Development was working on some promising decisions that contribute to reducing unemployment and raising the efficiency of the Saudi labor market.
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