Riyadh, March 30 /BNA /: The total unemployment rate in the Kingdom of Saudi Arabia (for Saudis and non-Saudis) reached 4.8% in the fourth quarter / 2022, and it decreased from the previous quarter by 1.0 percentage points, compared to the previous quarter by 2.1 percentage points. s.
The unemployment rate for Saudis reached 8.0% in the fourth quarter/2022, a significant decrease of 1.9 percentage points compared to the third quarter/2022, according to the Saudi Press Agency (SPA).
The labor force participation rate of Saudis remained unchanged at 52.5%, and the ratio of employment to the Saudi population increased by 1.0 percentage points to 48.3%.
Compared to last year, the main labor market indicators for Saudis have improved, with an increase in both the participation rate (an increase of 1.0 percentage points) and the employment-to-population ratio (an increase of 2.5 percentage points). In contrast, the unemployment rate decreased (down 3.0 pages).
Among Saudi females, in the fourth quarter/2022, the unemployment rate decreased by 15.4%, down 5.1 points from the last quarter and 7.1 points from last year, according to the estimates of the Labor Force Survey of the General Authority for Statistics.
The participation rate decreased by 1.0 percentage points to 36.0%, while the employment-to-population ratio increased by 1.0 percentage points to 30.4%. Among Saudi males, in the fourth quarter/2022, the unemployment rate decreased to 4.2%, down 0.1 points from the last quarter, and decreased to 1.0 points compared to last year.
The labor force participation rate and the employment-to-population ratio for Saudi males increased, respectively, by 1.2 percentage points and 1.1 percentage points, to 65.7% and 68.5%.
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In the fourth quarter of 2022, among young Saudi women (15-24 years old), labor force participation and the employment-to-population ratio decreased, resulting in a decrease in the unemployment rate.
The participation rate decreased by 1.0 percentage points to 19.2%, the employment-to-population ratio decreased by 0.4 percentage points to 14.2%, and the unemployment rate decreased by 1.9 percentage points to 26.0%.
Among young Saudis, the unemployment rate has risen, accompanied by increased participation in the labor market and stagnant employment. The participation rate rose 0.7 percentage points to 38.3%, the employment-to-population ratio held steady at 33.5%, and the unemployment rate rose 1.6 percentage points to
Among the Saudi population of primary working age (ages 25-54), Q4/2022 saw the unemployment rate drop by 2.5 percentage points to 7.0%.
The decline in the unemployment rate was driven by employment growth, as the employment-to-population ratio increased by 1.6 percentage points to 64.1%, while the labor force participation rate for Saudis decreased by 0.1 percentage point to 68.9%.
The decline in the unemployment rate for the Saudi population of primary working age (ages 25-54) was primarily driven by a significant drop in the female unemployment rate, which fell by 5.8 percentage points from 20.4% in the third quarter of 2022 to 14.6% in the third quarter of 2022. Fourth quarter of 2022.
For Saudis aged 55 and over, labor market indicators showed little change in the fourth quarter of 2022 compared to the previous quarter.
Saudi job seekers used a variety of active search methods, with an average of 4.4 active methods per job seeker.
In the fourth quarter of 2022, the most frequently used active search methods were: asking friends or relatives (used by 80.4% of job seekers), applying directly to employers (65.4%), and using the National Employment Platform (including merit, energies, and Saad) is used by 56.5% of job seekers.
The results of the survey showed that 57.8% of unemployed Saudi females and 43.6% of unemployed Saudi males would accept the maximum commute time to work, which is one hour.
Similarly, 73.0% of unemployed Saudi females and 89.1% of unemployed Saudi males indicated that they would accept work for eight hours or more per day. 94.1% of unemployed Saudis would accept work in the private sector.
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