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Saudi Unemployment Rate Drops to 12.6 Percent in Q4 2020


Saudi Unemployment Rate Drops to 12.6 Percent in Q4 2020
Published April 19th, 2021 - 01:00 GMT
According to a report by Riyadh-based investment management advisory Jadwa Investment, the decrease in joblessness was due to more women and young people joining the Saudi labor force at the end of 2020. (Shutterstock)
Highlights
Unemployment among young people decreased from 34.2 percent in Q3 2020 to 28 percent in Q4
The unemployment rate in Saudi Arabia decreased to 12.6 percent in the fourth quarter (Q4) of 2020, down from 14.9 percent the previous quarter, according to the latest data from the General Authority for Statistics (GaStat).
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According to a report by Riyadh-based investment management advisory Jadwa Investment, the decrease in joblessness was due to more women and young people joining the Saudi labor force at the end of 2020. ....

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