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Saudi- Positive growth in jobs for local women
(MENAFN- Arab News) The Ministry of Labor has continued to implement labor market reforms with the aim of achieving its broader Saudization strategy. The strategy's initial aim is to control and reduce the Saudi unemployment rate with the ultimate goal of achieving a competitive advantage for the Saudi economy based on its national human capital says Jadwa Investment's 2015 Saudi Economy Report.
Efforts to meet the short-term challenge of controlling unemployment initiatives so far have resulted in a mixed picture.
On the positive side Central Department of Statistics and Information (CDSI) data shows that the overall Saudi unemployment rate declined slightly from 12 percent in in the first half (H1) 2013 to 11.8 percent in H1 2014 while overall youth unemployment (20-29 years old) stayed unchanged at 27.8 percent.
The unemployment rate for Saudi males was unchanged at 6 percent whereas unemployment rates for women showed a more positive picture. The Saudi female unemployment rate declined from 35 percent in H1 2013 to 33 percent in H1 2014.
'We believe that the decline in the unemployment rate for Saudi females can be attributed to an increase in the number of employed women rather than disincentives for women to leave the labor force particularly since the Saudi female participation rate (defined as the share of the Saudi female labor force as a percent of the total Saudi female working age population) has continued to grow faster than male participation rates.'
The Saudi female participation rate has climbed from 12 percent in 2009 to 17.6 percent in H1 2014. This positive growth indicates that in addition to improvements in female hiring more Saudi women are actually entering the labor force.
Efforts to meet the short-term challenge of controlling unemployment initiatives so far have resulted in a mixed picture.
On the positive side Central Department of Statistics and Information (CDSI) data shows that the overall Saudi unemployment rate declined slightly from 12 percent in in the first half (H1) 2013 to 11.8 percent in H1 2014 while overall youth unemployment (20-29 years old) stayed unchanged at 27.8 percent.
The unemployment rate for Saudi males was unchanged at 6 percent whereas unemployment rates for women showed a more positive picture. The Saudi female unemployment rate declined from 35 percent in H1 2013 to 33 percent in H1 2014.
'We believe that the decline in the unemployment rate for Saudi females can be attributed to an increase in the number of employed women rather than disincentives for women to leave the labor force particularly since the Saudi female participation rate (defined as the share of the Saudi female labor force as a percent of the total Saudi female working age population) has continued to grow faster than male participation rates.'
The Saudi female participation rate has climbed from 12 percent in 2009 to 17.6 percent in H1 2014. This positive growth indicates that in addition to improvements in female hiring more Saudi women are actually entering the labor force.
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