FX.co ★ Saudi Arabia Jobless Rate Hits Record Low

Saudi Arabia's unemployment rate dropped markedly in the first quarter of 2025, reaching a historic low of 2.8%, down from 3.5% recorded in the fourth quarter of 2024. This is the lowest unemployment rate observed since record-keeping commenced in 1999. A breakdown by gender shows a decrease in unemployment for Saudi females, with the rate falling to 10.5% from 11.9% in the previous quarter. Similarly, Saudi males saw a decline in unemployment rates to 4.0% from 4.3%. The labor force participation rate saw an uptick, increasing to 68.2% from 66.4%, while the employment-to-population ratio climbed to 66.3% from 64.0% compared to the last quarter.