The report pointed to a very slight decline in the total unemployment rate among Saudis to 12.7% at the end of 2018 compared to 12.8% recorded in 2017, according to data provided by the Saudi Statistics Authority.
The report indicated that while the rate of participation in the workforce among males decreased slightly during the year, we find that the rate of participation among females continued to rise, reaching 8128 percent in 8102 , The highest participation rate in more than two years.
The report also noted that this increase in labor force participation among females probably contributed to a higher rate of unemployment among females at the end of the year. The higher rate of labor force participation among females is due to the numerous initiatives that the Ministry of Labor has submitted to support female employment.
The report expected a gradual increase in the employment of Saudis in a number of sectors, such as the trade sector, which witnessed a large wave of Saudization during three phases that extended from September 2018 to January 2019.
It is worth noting that the Jadwa Investment Company report, as a payment, decreased the total number of foreign workers in the Saudi labor market by about 1.6 million people since the beginning of 2017, and the report showed that last year 2018 witnessed About 1 million foreign workers leave, 62%.
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