Unemployment is falling in Saudi Arabia. At the end of the fourth quarter of 2021, the unemployment rate among Saudi citizens was 11%. At the end of the third quarter, the rate was 11.3 percent.
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According to the Economist, the goal set by Crown Prince Muhammad bin Salman in terms of unemployment rate has been achieved. He said in a statement that by the end of 2021, the unemployment rate among Saudis would have dropped to 11 percent.
Experts say the unemployment rate in Saudi Arabia has dropped to a record low since 2009. This is the lowest unemployment rate in 12 years.
Experts say the positive results of Saudi Vision 2030's employment program are beginning to emerge. The main goal of the vision is to reduce the unemployment rate to 7% by 2030.
It may be recalled that after the Corona epidemic, the unemployment rate had reached 15.4% by the end of the second quarter of 2020. At the end of the third quarter of 2020 it was 14.9% and at the end of the fourth quarter it was 12.6%.
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