Saudi unemployment rate increases by over 1 percent

‘Official data show that Saudi Arabia’s unemployment rate has increased by over one percentage point on a year-on-year basis, as the country continues to suffer economically from a prolonged war on Yemen and low oil prices.
The Saudi jobless rate for the first quarter of 2017 stood at 12.7 percent, official data showed on Sunday, marking a continuing upward trend in unemployment.
The total number of unemployed Saudis in the first three months of the current year was 906,552.
That number is more than a full percentage point higher than the Saudi unemployment rate registered in the first quarter of 2016.’
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