Saudi Arabia Unemployment Rate

The unemployment rate in Saudi Arabia fell to 4.4 percent in the fourth quarter of 2023, down from 5.1 percent in the previous quarter. It was the lowest reading since comparable records began in 2012. The jobless rate for women was at 11.4 percent, while it came at 2.3 percent for men. Meanwhile, the labor force participation rate declined by 0.5 percentage points from a month earlier to 60.4 percent.