Saudi Labor Market Update – Q3 2020
Budget ReportThe General Authority for Statistics (GaStat) latest labor market release shows that unemployment declined to 14.9 percent in Q3 2020, down from 15.4 percent in Q2 2020. The improvement was in-line with the pick-up in overall economic activity in Q3, following the lifting of severe pandemic related restrictions in mobility from June 2020 onwards.
Saudi Labor Market – June 2020
Budget ReportAccording to the International Labor Organization (ILO), global working hours will decline by 10.7 percent in Q2 2020 (equivalent to 305 million full-time workers), when compared to Q4 2019, as a result of lockdowns instituted around the world.
