Question

I need report about Trends in Employment Rate among Men in KSA

Answer 1

Saudi Arabia is a oil based economy with oil constituting  majority of the nation's business with 90% of exports of oil and around 45% of th contribution to the GDP. Saudi Arabia has always been immensely contributing to employment generation. Eight million foreign employees working and around 2 lakh odd employees from western part of the world. The majority of them are manual workers. Before a decade there was a free hand hiring of employees from any foreign land thus because of this local people then found it hard to find jobs.

In the gulf region disruption is set to take hold of the oil dependent gulf economy,as the prices of oil, which is their economy's lifeline is taking a plunge. Government response has taken the form of cutting state subsidies as well as non essential projects, affecting both private and public sectors. The implication of this mean employers are now having to face new market realities. Recruitment has been slower, redundancies are on the rise and pay increases are minimal.

The employment pattern in the region is skewed only a small national population constitute the labor force of private enterprises and this is due to the national populations' lack of skills to serve the rapidly growing demand to expand the economy. Saudi Arabia has embarked on Saudisation with additional job titles reserved exclusively Saudi nationals. Governments in the Gulf are gradually working to improve worker conditions mainly due to heavy criticism from international media. The appalling labor abuses, low wages, lack of leaves, grueling working conditions, confiscating of passports etc are some of the common labor treatment especially of the blue collar jobs which are largely constituted by immigrants from developing nations. Saudi Arabia has now launched a wage protection system to ensure payment of salaries on  time. Cautious hiring is set to define the recruitment this is mainly due to the reduces oil prices and government spending. Companies are looking to reduce costs and improve efficiency by undertaking restructuring, merging job roles and outsourcing entire departments. Geopolitical tensions and military conflicts have translated to restrictions on hiring some expatriates particularly professional from Egypt, Syria and Lebanon. In recent years the economy still remains dominated by oil but overall there has been a great improvement in the quality of employment in the country. The kingdom's Vision 2030 plan outlines some dramatic shifts in the economy. Designed to help the country wean itself from oil,it means the job market in Saudi Arabia is going to shifts well.Jobs are going to be created for Saudi nationals going forwards and they are increasingly going to be in the private sector. The job market in Saudi Arabia over the years has witnessed several rotations.Growing its resilience to recession it promises workers access to employment in areas such as hospitality, real estate, information technology, retail and entertainment as well as creative industries such as journalism. The competition in Saudi Arabia has given rise to several private sectors organizations that are constantly on the hunt for people who are competent. Saudi Arabia is in a bit of a bind as its population is lacking in the college training suited to many of the new emerging fields. The kingdom has committed itself to the creation of 40 million new jobs by the year 2020 and expected roughly 60 % of them to be in private sector. Though a global leader in the oil industry, the aim is to penetrate into other sectors simultaneously

Saudi Arabia' s average unemployment rate from 1991- 2018 has been 5.65%. The unemployment rate had been at an all time high in 1991 at over 7 % and low time low at 4.3 % in 1999.

Years Unemployment Rate % Labor force participation in 1000s

2010    5.5 8834   

2011 5.8 9935

2012 5.5 10390

2013 5.6 10729

2014 5.7 11067

2015 5.6 11067

2016 5.6 11641

2017 6 11168

2018    6 10085