JEDDAH: The unemployment rate among Saudis fell to 12.3 percent in the second quarter of 2019, according to official data published on Thursday by the General Authority for Statistics (GASTAT).
A quarterly bulletin indicated a slight improvement in the rate, which stood at 12.5 percent in the first quarter of 2019.
The unemployment rate of the total population, including non-Saudis, decreased in the second quarter to 5.6 percent, compared to 6 percent in the previous quarter.
The bulletin’s information is derived from labor force survey estimates and market data from bodies including the Ministry of Labor and Social Development, the Ministry of Civil Service, the General Organization for Social Insurance, the Human Resources Development Fund and the National Information Center.
The bulletin showed a rise in the economic participation rate of Saudis to 45 percent in the second quarter, compared to 42.3 percent in the first.
The rate of Saudi women’s economic participation stood at 23.2 percent, compared to 20.5 percent in the previous quarter.
The bulletin indicated that the total number of Saudi employees in the Kingdom was 3,090,248 in the second quarter, compared to 3,112,029 in the first.