Unemployment rate in Saudi Arabia down to 14.9% in Q3 2020

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The unemployment rate among Saudis decreased to 14.9% in Q3 2020 from 15.4% in Q2 2020, compared to 11.8% in Q1 2020, according to data from the Saudi General Authority for Statistics.

In addition, unemployment rate among males and females stood at 7.9% and 30.2%, respectively in the same period.

Meanwhile, unemployment rate among all residents (15 years and above) dropped from 9% from 8.5% by the end of Q3 2020.

The Saudi labor market and economy are still impacted by the COVID-19 pandemic.

The total number of employed persons across the Kingdom stood at13.46 million in Q3 2020. Males accounted for 82%, or 10.97 million of total labor force, while females represented 18%, or 2.49 million.

Meanwhile, employed expats accounted for nearly 10.20 million, representing 75.8% of the total employees, while nationals accounted for 24.1%, or 3.25 million.

A total of 8.50 million workers, or 63.2% of total labor force, are subject to the regulations of the General Organization for Social Insurance (GOSI), while 9.4% are subject to the rules of the Civil Service. Meanwhile, 27.3% of total labor force represents domestic workers.

*Data from the Ministry of Labor doesn’t include military and security employees and workers abroad.

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