17 Apr 2024

Last update 28 / 09 / 2023

GASTAT Population’s unemployment rate decreases to 4.9% in Q2/2023

The General Authority for Statistics (GASTAT) issued today, Thursday, 13/3/1445 H, corresponding to September 28, 2023, through its official website www.stats.gov.sa, "Labor Market ؛Publication for the second quarter of 2023."

According to the results of this Publication, the overall unemployment rate (for Saudis and non-Saudis) decreased to 4.9% compared to the first quarter of 2023. The unemployment rate for Saudis also decreased, reaching 8.3% for the second quarter of 2023, compared to 8.5% in the first quarter of the same year. Similarly, the unemployment rate for Saudi females decreased to 15.7% for the second quarter of 2023, compared to 16.1% in the previous quarter. It is worth noting that the unemployment rate for Saudi males remained stable at 4.6% during the second quarter of 2023.

During the second quarter of 2023, labor force indicators showed a decline in the overall labor force participation rate (for Saudis and non-Saudis), reaching 60.8% compared to the first quarter of 2023. The labor force participation rate for Saudis also decreased to 51.7% in the second quarter of 2023, compared to the previous quarter.

The results of the Labor Market Publication for Q2/2023 indicated a decrease in the labor force participation rate for Saudi females, reaching 35.3% compared to the previous quarter. The labor force participation rate for Saudi males also fell to 67.5% during the second quarter of 2023, compared to 68.3% in the previous quarter.

It is noted that the Labor Market Publication, as indicated by the General Authority for Statistics, relies on a household survey conducted by GASTAT under the category of "Social Statistics." It collects information through a sample of households that represent the population in various administrative regions in Saudi Arabia. An electronic questionnaire is filled out, containing a number of questions. Through this survey, estimates and indicators related to the labor force of the population in working age group (15 years and above) residing in Saudi Arabia are provided. It also estimates the population (within and outside the labor force) and calculates the most important labor market indicators, such as the unemployment rate and labor force participation rate, among others.

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