Saudi unemployment 12.8% in 2Q 2017

The total number of Saudi job-seekers was 1,075,933, of whom 216,352 were men and 859,581 women.
Updated 02 October 2017
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Saudi unemployment 12.8% in 2Q 2017

RIYADH: Saudi unemployment in the second quarter of 2017 stood at 12.8 percent, according to the General Authority for Statistics.
The unemployment rate was 7.4 percent for men and 33.1 percent for women.
The rate for the total population, including non-Saudis, was 6 percent — 3.3 percent for men and 22.9 percent for women.
The total number of employees was 13,841,158, down slightly from 13,889,137 in the first quarter of 2017.
The total number of Saudi job-seekers was 1,075,933, of whom 216,352 were men and 859,581 women.
The highest percentage of Saudi job-seekers was in the age group 25-29 years, at 34.2 percent. Half of Saudi job-seekers are university graduates.


US’ Mnuchin says talk about sanctions premature, will visit Riyadh to meet with counterpart

Updated 21 October 2018
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US’ Mnuchin says talk about sanctions premature, will visit Riyadh to meet with counterpart

JERUSALEM, Oct 21 : US Treasury Secretary Steven Mnuchin said on Sunday it was premature to comment on possible US sanctions against Saudi Arabia for the death of Saudi journalist Jamal Khashoggi until an investigation had been completed.
Mnuchin said information so far on the investigation was “a good first step but not enough” as Riyadh faced increasing international pressure over what happened to Khashoggi, who disappeared after he entered the Saudi consulate in Istanbul on Oct. 2.
US President Donald Trump, who has said the United States would consider sanctions against Saudi Arabia, emphasized on Saturday that he was not satisfied with the Saudis’ handling of the case.
“It would be premature to comment on sanctions and premature to comment on really any issues until we get further down the investigation and get to the bottom of what occurred,” Mnuchin told reporters in Jerusalem.
Mnuchin confirmed that he would not attend a Saudi investment conference on Tuesday. However, he said he would visit Riyadh as planned for talks with his counterpart on joint efforts to counter terrorist financing and plans by Washington to reimpose sanctions against Iran in November.
“I did not think it was appropriate to go and speak at this conference but we continue to have important issues with Saudi and that is why I am going there,” Mnuchin said.
The visit, he said, was necessary as Washington prepares to reimpose sanctions against Iran.
He said he had no reason to believe that Saudi Arabia would renege on commitments to make up for any shortfall in global oil supplies as Iranian oil exports are curbed under the sanctions.
“I have no reason to believe that they are not going to honor those commitments,” said Mnuchin, who will meet Saudi Energy Minister Khalid Al-Falih while in Riyadh.