Economics
Saudis Leaving Workforce Push Unemployment to a Five-Year Low
- Unemployment for citizens fell to 11.7% in first quarter
- Drop driven by lower participation rates for men and women
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Unemployment among Saudi Arabia’s citizens fell to its lowest level in nearly five years, but the decline was partly driven by people dropping out of the labor force, unwelcome news for a crown prince who has put job creation for a youthful population at the center of his agenda.