Vision 2030 update: Saudi Arabia cuts unemployment target to 5% amid record job market gains

Saudi Arabia has revised its unemployment target to 5% following significant labor market improvements, including a drop in national unemployment to 7% and a record-low overall rate of 2.8%. Female workforce participation has doubled to 36%, driven by reforms and increased private sector employment. The shift reflects a focus on sustainable, high-quality job creation aligned with Vision 2030.