New PwC Middle East report outlines priority strategies to equip the region’s under-25 population with future-ready capabilities for inclusive economic transformation
unemployment
Latest in unemployment
female employment
Saudi Arabia’s unemployment rate hits record low 6.3% in Q1 2025
Saudi Arabia had set a Vision 2030 target to reduce national unemployment to 7 per cent by the end of the decade
unemployment
US weekly jobless claims make another surprise fall
The data for last week indicates a four-month low, suggesting that the US labour market remained fairly healthy
job market
US jobless claims fall to 4-month low, indicating strong job growth amid rate cuts
The latest unemployment data also offers confirmation that the US economy continued to expand in the third quarter
consumer confidence
US consumer confidence inches up in August in yet another data favouring an immediate rate cut
The Conference Board’s consumer confidence index increased to 103.3 this month, the highest level since February, from an upwardly revised 101.9 in July
unemployment
US retail sales perk up in July; unemployment claims fall further by 7,000 last week
The latest set of positive economic data further eased recessionary fears in the world’s largest economy
inflation
Fed officials confident inflation is cooling enough for interest rate cuts
Experts believe inflation is headed to the Fed’s 2% goal in light of recent “encouraging” data
unemployment
US weekly jobless claims decline, lower fears of labour market cooling
The development was a welcome reversal after last week’s surprise sharp jump in jobless claims
saudi jobs
Saudi unemployment falls to 7.6%
Saudi employment data shows overall stability in jobs market
saudi jobs
Saudi unemployment rate drops to 8.6% as more women join workforce
Women now represent more than 34 per cent of the workforce in Saudi Arabia
Ministry of Human Resources and Emiratisation (MoHRE)
UAE to begin fines and work bans for uninsured workers, 14% still not signed up
UAE to fine employees who are still not signed up for mandatory Unemployment Insurance scheme
Employment
Saudi unemployment rate falls to 4.9%
Saudi unemployment rate reduced, according to official government statistics
Ministry of Human Resources and Emiratisation (MoHRE)
UAE unemployment insurance scheme registers 5.7m employees, fines begin October 1
Mandatory unemployment insurance scheme in the UAE registers more than 5.7m employees
Ministry of Human Resources and Emiratisation (MoHRE)
UAE issues insurance warning for all employees before October 1 fine deadline
UAE workers must sign up for mandatory insurance before October 1 or face fines
inflation
Federal Reserve expected to pause on rate hike as US consumer inflation eases further
Last month, the Consumer Price Index saw a modest increase of 0.1 percent, primarily due to a decline in gasoline prices
Employment
Global unemployment expected to fall below pre-pandemic levels in 2023: ILO
Soaring debt levels compounded by high inflation and rising interest rates, however, have dashed job-seekers’ hopes in developing countries