|
Riyadh, July 1 (IANS) 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.
--IANS
ksk/
Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.
|
