Saudi Unemployment Marks Second Straight Jump in Economic Blow

Saudi Arabia’s unemployment rate rose for two consecutive quarters for the first time since 2018, signaling more challenging labor conditions as Crown Prince Mohammed bin Salman strives to transform the economy.

Joblessness among Saudis increased to 7.5% in the three months through September from 6.8% in the prior quarter, according to data released on Monday. That marks a second straight increase and the highest level in a year, though the figure is still historically low.