Unemployment among Saudis hits 10.5%
New figures published by the Saudi Department of Statistics and Information, revealed that the rate of unemployment among Saudis reached 10.5 percent. The number of unemployed Saudis of both sexes rose to about 448,000, 44.2 percent of them with university degrees.
The results of the workforce survey indicated the number of unemployed Saudis as of August 2009 rose to 448,547 people, compared with 416,350 people in the previous survey carried out in the same month of 2008. According to the data, the unemployment rate for males hit 6.9 percent, compared with 6.8 percent for the same period of 2008, while the unemployment rate rose for females from 29.9 percent to 28.4 percent.
- State of the Arab World Economy report 2016: diversify, tax, slash subsidies
- Arab investors won't dump the Trump despite anti-Muslim remarks
- UAE economy minister projects high growth despite oil prices
- UAE can set the pace for innovation in the Middle East: IBM vice president
- Business community welcomes UAE's deficit-free budget