Riyadh, July 1 (SocialNews.XYZ) Saudi Arabia's unemployment rate fell to 6.5 per cent in the first quarter of 2021, compared to 7.4 per cent of the last quarter in 2020, state media reported.
The General Authority for Statistics measures the rate based on total working-age populations (Saudis and non-Saudis 15 years old and above), Xinhua news agency quoted the state media as saying on Wednesday.
Meanwhile, the unemployment rate of total Saudis decreased to 11.7 per cent in the first quarter of 2021, compared to 12.6 per cent during the fourth quarter of 2020.
The results of the Labour Force Survey also show that the labour force participation rate of the total working-age population increased to 61.1 per cent during the first quarter of 2021 compared to 61 per cent in the fourth quarter of the previous year.
The survey and many other labour initiatives aim to further reduce unemployment rates, along with making Saudis the preferable job candidates in various vacancies through training and government support to the private sector.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
