Unemployment rate among Saudis falls to all-time low of 8%

RIYADH: The unemployment rate among Saudis has dropped to the lowest ever level, based on the data available since 1991. 

It fell to 8 percent in the fourth quarter 2022, from 9.9 percent in the previous quarter, according to the General Authority for Statistics’ labor force survey.  

The Kingdom targets unemployment rate of 7 percent by 2030.