Saudi Arabia unemployment edges down

A Saudi vendor waits for customers at a mobile shop in Riyadh, pictured on March 21, 2016. (Reuters)
Updated 27 January 2019
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Saudi Arabia unemployment edges down

  •  The General Authority for Statistics publishes its Labor Force Survey on a quarterly basis
  • The unemployment rate for Saudi females decreased to 30.9 percent

JEDDAH: Unemployment among Saudi Arabian citizens eased marginally to 12.8 percent in the third quarter of 2018, official figures released on Sunday showed.
The jobless rate first hit 12.9 percent, the highest level recorded by the statistics agency in data going back to 1999, in the first quarter of 2018 as private employers were hit by a new sales tax and a domestic fuel price hike.

 

 The General Authority for Statistics publishes its Labor Force Survey on a quarterly basis, based on administrative records with relevant authorities including the Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance, Human Resources Development Fund and National Information Center.
The unemployment rate for Saudi females decreased to 30.9 percent compared with 31.1 percent in the second quarter of 2018, and for Saudi males it decreased to 7.5 percent compared to 7.6 percent in the second quarter.
The survey also showed a decrease in the number of non-Saudi male employees from the Kingdom’s administrative records, standing at 8,622,890 against 8,927,862 in the previous quarter. The number of non-Saudi female workers increased by 9,696 to reach 964,861.

FASTFACTS

12.8% — Unemployment rate in the third quarter of 2018


UK Treasury chief vows to quit if Boris Johnson becomes PM

Updated 21 July 2019
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UK Treasury chief vows to quit if Boris Johnson becomes PM

  • Hammond is the third minister within a week to quit or say they will resign in order to try to block a no-deal Brexit
  • Johnson is the strong favorite to win a two-person runoff to lead the Conservative Party and the country

LONDON: British Treasury chief Philip Hammond says he will quit if — as widely expected — Boris Johnson becomes prime minister this week.
Hammond said Sunday that Johnson’s vow to take the UK out of the European Union on Oct. 31 with or without a divorce deal is “not something that I could ever sign up to.”
He is the third minister within a week to quit or say they will resign in order to try to block a no-deal Brexit. Economists say leaving the EU without a deal would cause Britain economic turmoil.
Johnson is the strong favorite to win a two-person runoff to lead the Conservative Party and the country. The winner is being announced Tuesday, with the victor taking over from Prime Minister Theresa May on Wednesday.