What was the level of unemployment in Saudi Arabia in 2023?
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Labor force survey results for the first quarter of 2023 released by Statistics Saudi Arabia today Thursday showed that the unemployment rate among Saudis rose to 8.5% from 8% at the end of the fourth quarter of 2022.
The authorities said that based on the Labor Force Survey estimate, the overall unemployment rate among the working-age population reached 5.1% in the first quarter of 2023, compared to 4.8% in the fourth quarter of 2022.
The authorities indicated that the participation rate of Saudi women in the labor market reached 36% in the first quarter of 2023.
The data showed a decline in the Saudi Arabian employment-to-population ratio from the fourth quarter of 2022 to 48% in the first quarter of 2023.
Source: numbers