Within the Results of the Labor Market Bulletin for the Third Quarter of 2017 The General Authority for Statistics: Stability in the Unemployment Rate of the Saudi Population at (12.8%) and a Decline in the Total Unemployment Rate to Reach (5.8%) The General Authority for Statistics (GaStat) published on its official website www.stats.gov.sa  the Labor Market Bulletin for the third quarter of 2017, which provides comprehensive data and indicators on the labor market in the Kingdom from the estimates of the labor force survey conducted by the Authority on a quarterly basis, in addition to the labor market data from the administrative records of the relevant entities (Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance, Human Resources Development Fund and National Information Center). The results of the bulletin for the third quarter of 2017 showed stability in the unemployment rate of the Saudi population at its previous level during the second quarter of 2017, where it stabilized at (12.8%), (7.4%) for males and (32.7%) for females, and a decline in the total unemployment rate (15 years and above) compared to the second quarter of 2017, where it reached (5.8%) in this quarter (3.2%) for males and (21.1%) for females. The total number of workers from the data of administrative records in the Kingdom of Saudi Arabia reached (13,758,064) indivisuals, the total number of Saudis jobseekrs from the records of administrative reached (1,231,549) individuals, (190,822) are males and (1,040,727) are females. The highest percentage of Saudis jobseekers in the age group (25-29) was represented by 31.3%. Moreover, the results showed that nearly half of the Saudi jobseekers hold Bachelor degrees and their percentages reached (45.8%). According to the administrative records of the relevant entities, the total number of work visas issued reached 509,180. (22.3%) for the public sector, (37.8%) for the domestic sector and (39.9%) for the private sector. The bulletin included a large number of detailed data on workers according to the regulations they are subject to, and according to the nationality, gender, age, administrative region and educational level, as well as data on job seekers, average monthly wage, working hours and domestic workers. On the other hand, the official spokesman of the General Authority for Statistics (GASTAT), Mr.Tayseer Al-Mafarj, clarified that there is a difference between job seekers and unemployed. The "unemployed" according to the Labor Force Survey are the individuals (15 years and above) who were jobless during the period of the time reference (the survey period): the previous week of the household visit and have been looking for a job seriously during the four weeks prior to the household visit (they have at least taken one way to look for a job). This includes those who did not search for work during the four weeks prior to the household visit because they were waiting for a job or starting their own business in the coming period, where they had already been looking for work before the time reference period and at the same time they were able to work and were ready to join it (If available), during the week preceding the household visit. Additionally, the definition of job seekers is the Saudi individuals (males or females) enrolled in the job search programs of the Ministry of Civil Service (Jdarah or Saed) and the Human Resources Development Fund (Hafiz). And they register their personal data, qualifications, practical experiences and CVs through an electronic system. It is worth to mention that job seekers in the administrative records are not subject to the internationally recognized standards and conditions of unemployment approved by the ILO and therefore are not considered to be unemployed. Hence, not every job seeker is considered unemployed, he may be looking for work and is working in another job, this is the case in job seekers in government entities who are working, for example, in the private sector.

The General Authority for Statistics (GASTAT) Held an Introductory Workshop and Issued the Unified Guide Government Entities Start to Implement the National Guide for Economic Activities (ISIC4) in the Middle of the Current Month The General Authority for Statistics (GASTAT) explained that it has completed the preparations for enabling the government entities related to economic activities to implement the "National Classification for Economic Activities", the classification was taken from the International Standard Industrial Classification of All Economic Activities, the forth version (ISIC4), and was issued by the United Nations Economic and Social Council. And it is considered as an approved Classification for Economic Activities in the Kingdom of Saudi Arabia starting next Monday 14 Rabi Thani, 1 January 2018. The official spokesman of the General Authority for Statistics (GASTAT), Tayseer Al-Mafraj, confirmed that the Authority has held several workshops for the relevant entities during the past period of time and prepared a unified guide and an electronic room for operations and communication in preparation for the start of the adoption of the National Classification for Economic Activities that can be defined as the way in which counting units can be collected according to a serial order and defined by homogeneous groups with a view to creating a general framework for comparison of statistical data at the local, regional and international levels. He also pointed out that the data of economic activity can be divided according to the guide prepared for this to specific levels in a manner similar to the characteristics of economic activities classified in one rank.  The official spokesman added that the implementation of the Unified Classification for the Economic Activities aims at creating a general framework for comparing statistical data at the local, regional and international levels, and providing a set of statistical data classified according to the economic activity. In addition, the implementation of the Unified Classification for Economic Activities contributes to the organization and restructuring of all sectors, supports the project of electronic connectivity between different entities, improves the quality of administrative records data of the relevant entities, and provides a comprehensive framework of economic activities to facilitate the handling of descriptive formulas automatically. It should be noted that the original version of the Classification was adopted in 1948. Most countries have applied this Classification as their national classification to become an important tool for comparing statistical data on economic activities at the international level. The first version (ISIC_1) of the International Standard Industrial Classification of Economic Activities was issued in 1958, the second version (ISIC_2) was issued in 1968 and the third version (ISIC_3) was issued in 1990. Finally, in 2006, the United Nations Economic and Social Council adopted the Fourth Amendment to the International Standard Industrial Classification (ISIC4). The General Authority for Statistics (GASTAT) uses the Classification in all its economic and social products, and follows up the updates on the classification and recently it has been authorized to enable the government entities to apply it as an approved Classification for Economic Activities in the Kingdom.

GaStat president Dr. Fahad bin Sulaiman Altekhaifi word in the third anniversary of the custodian of the two holly mosques accession to the throne, 3rd of Rabee the second 1439H When the king is present, there will be national prestige and achievements process “King Salman bin Abdulaziz Al Saud” is a distinct sentence in the book of abode. His period of rule will be eternalized forever. This period represents a growth journey that will never stop. Three years of king Salman’s rule, a vision was drawn for the future. However, his policy of toughness gave the country a dignity with more wisdom and farsightedness, while determination helped in increasing the country’s achievements.  In the third anniversary of the custodian of the two holly mosques king Salman bin Abdulaziz Al Saud’s accession to the throne, the country’s agenda became full of achievements. Since king Salman’s period of rule has started, each day represents a whole year during which a future is drawn through establishing security, accomplishments, development, justice, honor, prestige and wisdom. These features led the country to be the most effective geographical area in the world map. They also gave it a historical metalepsis with many events in a non-stop epoch. In the third anniversary of the king’s accession to throne, praise be to Allah for having such government which governs the country with Quran and Sunnah. Thanks God for belonging to such country that has a dominance in many levels because of its leading role towards security, peace, and stability. The kingdom wise attitudes toward the international and regional issues are still contributing in addressing many political, economic, social, and security affairs.  In the third anniversary of the king’s accession to throne, each citizen should be proud of being engaged in everything. This engagement story has started earlier since the periods of rule of king Abdulaziz bin Abdulrahman Al Saud and his sons (Saud, Faisal, Khalid, Fahad, and Abdullah) may all of them rest in peace. Presently, the story continues in the period of king Salman’s rule and hopefully will never stop.  In the third anniversary of the king’s accession to throne, every developmental sector has the right to announce its outstanding developments and achievements which could not be accomplished without the government support and efforts. This support aims at making the development a result of each project, a desire for all efforts, and an integration between all sectors in order to reach a brighter future, as the language of figures and statistics in all sectors is the language of facts and achievements.  In the third anniversary of the king’s accession to throne, our boarders become unattackable and our security is guaranteed, that is because of the top priority given to citizens’ security by our leadership.  Our courage champions are working hard on our security sacrificing their own lives. In addition, our armies are always there when their brothers and neighbors need them. These all show how the sons of “Salman” are united to keep the country boarders secured and prevent intimidation.  In the third anniversary of the king’s accession to throne, we are proud of serving the two holly mosques. Under his leadership- may God support him-, all countries of the world are impressed of the services provided by Saudi citizens when receiving and serving the guests of Allah, as all public and private entities are working hard to have the honor of serving pilgrims, Omrah performers, and visitors. A clear evidence for that is the services and projects that were provided in the last three seasons of Hajj.  In the third anniversary of the king’s accession to throne, we are all witnessing the new steps followed to build a modern country with young spirits. Since king Salman’s period of rule has started, the young spirit has appeared in all executive and administrative entities and sectors. That is to show how the country is young and capable of reform and develop, so that all individuals can live prosperous lives under the umbrella of security and development.   In the third anniversary of the king’s accession to throne, we ( here in the General Authority for Statistics) are renewing the commitment intending to achieve the country’s expectations and objectives while keeping on supporting the development, as what the statistical sector in Saudi Arabia is witnessing nowadays is considered a transformation not only locally but also regionally and internationally. We will work hard to make the country in a very high position anywhere and everywhere.  In the third anniversary of the king’s accession to throne, we congratulate the custodian of the two holly mosques king Salman bin Abdulaziz Al Saud and his crown prince Mohammed bin Salman bin Abdulaziz (May God protect them all), with all our prayers to always keep this country secured, safe, and stable, and to protect our country and leaders. May the custodian of the two holly mosques live longer and May Allah reward him well.

Congratulating The Custodian of the Two Holy Mosques and his Crown Prince, On the occasion of announcing the largest expenditure budget in the history of Saudi Arabia. Dr. Fahad Altekhaifi: Growth budget, development and transparency trends, and emphasis on the accuracy of the objectives On his behalf and on behalf of all members of the General Authority for Statistics (GASTAT) and all the statistical sectors in the Kingdom of Saudi Arabia, Dr.Fahad Bin Sulaiman Altekhaifi congratulates The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz AL-Saud and his Crown Prince HRH Prince Mohmmad Bin Salman ALSaud, On the occasion of announcing the budget for the fiscal year 1439/1440 H as the largest expenditure budget in the history of Saudi Arabia. This achievement was a result of the directives of the wise leadership of this country to reduce the budget deficit for the current fiscal year by more than (25%) compared to the previous fiscal year despite the high expenditure. Dr. Altekhaifi stressed that the contents of the speech of the Custodian of the Two Holy Mosques in the budget declaration came to confirm the continuation of the development and improvement towards achieving the vision of the Kingdom (2030) to increase the size of the national economy and keep its growth. As well as, the continuation to diversify the economic base and income sources to enhance the ability to adapt to the developments and overcome the challenges and to ensure that the private sector can play a greater role in the development. Moreover, The Custodian of the Two Holy Mosques, in the budget declaration, stressed on the need to ensure that the burden on citizens will be minimized, he also stressed on dealing with the potential effects as well as supporting the private sector, identifying the objectives to reduce the budget deficit for next year to be less than (8%) of GDP despite the large and expanding budget and the continuation to reduce the dependence on oil. He also emphasized on the continuation to fight corruption and maintain the public money to pursue a bright future for the country. In addition, Dr. Altekhaifi added that this speech confirms the keenness of the wise leadership to ensure that prosperity will prevail in all regions of the Kingdom and that was confirmed by the Custodian of the Two Holy Mosques also that this budget will continue to be disbursed to various development sectors in all regions of the Kingdom at high rates. The Custodian of the two Holy Mosques concluded his speech ensuring that he had kept in mind that he would continue to work towards comprehensive and balanced development to all regions of the Kingdom and that there is no difference between these regions. The president of the General Authority for Statistics (GASTAT) stressed that the Custodian of the Two Holy Mosques' directive to all officials to raise the level of performance, develop government services, enhance the efficiency of expenditure and transparency to meet the aspirations and obtain the satisfaction of citizens for the services provided to them is a road map to be used by all government entities and in all areas of development. On the other hand, Dr. Fahad bin Sulaiman Altekhaifi said that all the important changes in the structure and mechanisms of the Saudi budget are considered strong cornerstones for the future on the intermediate and long terms. The budget included anticipations about the economy performance on the intermediate term “five years” which assured how clear and accurate are the objectives that the country works on to achieve a financial balance in 2023.  The announcement of these anticipations will be a fundamental base in managing the economic growth in all developmental fields. It will also enhance the transparency and disclosure values, which are values adopted by Saudi Arabia as strategic values in achieving the financial balance program as they comply with the announced objectives of the 2030 Saudi vision. Moreover, the announcement of the developmental funds and the investment fund collaborations in the capital and investment expenditure which exceeded the budget capital expenditure in the past years, in addition to the continuity and increase of the capital expenditure will have a strong impact on the economic development. Altekhaifi indicated that the 2018 budget statement is a result of the new political and economic policies which rely on strong bases both economically and administratively. It also asserts that we are going through the right path toward the future which started to be obvious through the wise economic management that the economic and development affairs council represents. The economic reforms that started with the announcement of the ambitious vision pushed the country towards a change through implementing a financial and economic policies system to improve the efficiency of the government expenditure, and found new non-oil income sources to create a kind of financial balance as a strategic objective on the intermediate term. This will be reflected on the economy of the country and will improve the citizen’s living standard.  GASTAT president added that the announced investments will affect the development positively, as it will enhance the economic growth, collaborate in improving the main services provided to citizens, and motivate the private sector which gets an unlimited support as it is considered a fundamental partner and a main axis in the development process. Furthermore, the high-yield investments that affect development in general and human resources in particular will contribute in increasing the Saudi citizen living standards.  He also mentioned that the budget with all its components will guarantee achieving an effective contribution to improve the efficiency of the government expenditure on one hand, and the quality, accuracy, and transparency of the financial accounts on the other hand. However, moving from cash basis accounting to accrual basis accounting will collaborate in increasing the financial efficiency which will be reflected on the projects outputs that the citizen get benefited from. GASTAT president concluded with prayers to this country “May God keep this country secured and prosperous”