Saudi Arabia unemployment falls to 3% as labor market expands
- The labor force participation rate remained at 67.2%, but increased by 1 percentage point compared to the prior year.
- Saudi Arabia has achieved its Vision 2030 target of 7% unemployment for Saudis, now aiming for 5% by the end of the decade.
- Unemployment among Saudi females rose to 9.6%, while their labor force participation rate decreased to 33.7%.
- The willingness to accept private sector jobs is strong, with 96.7% of unemployed Saudis open to offers, reflecting a growing alignment between jobseekers and private sector opportunities.
- Demand for jobs is high among women, highlighting the need for flexible work arrangements and better support systems to convert this demand into employment.
