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Saudi Arabia proposes to create 1.2 million jobs for Locals, also to end domination of Foreigners in crucial Occupations

Saudi Labour Ministry's has plans to cut unemployment among Saudi citizens and to ease the high demand for foreigners in important jobs in all sectors

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People working in an office in Saudi Arabia, wikimedia
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Riyadh, March 13, 2017: Saudi Arabia proposes to create 1.2 million jobs for locals in an effort to end the domination of foreign workers in crucial occupations, local media reported on Monday.

The goal of the Saudi Labour Ministry’s program is to cut unemployment among Saudi citizens and to ease the high demand for foreigners in important jobs in all sectors, Al-Hayat reported.

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This will be done through a nationwide program of training and other initiatives, the newspaper said.

The ministry will restrict access to some jobs to only Saudis, especially in the business sector, such as those related to production, maintenance, and manufacturing.

The ministry has recruited more than 16,000 Saudi men and women in jobs related to selling and repairing mobile phones.

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In January, Saudi Arabiaannounced that 120 local engineers were sent to Britain for training. (IANS)

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US Unemployment Rate Goes Below 4%, First Time Since 2000

The drop to 3.9 per cent comes after six consecutive months in which the employment rate remained stable at 4.1 per cent.

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The US' headline unemployment rate fell to 3.9 per cent in April, the first time it has dropped below 4 per cent since 2000, the government said on Friday.
US Unemployment, Pixabay

The US’ headline unemployment rate fell to 3.9 per cent in April, the first time it has dropped below 4 per cent since 2000, the government said on Friday.

The current jobless rate in the US indicates a market with virtually full employment, though the creation of 164,000 new jobs was slightly below analysts’ expectations, Efe reported.

Economists had forecast that the US economy would create some 190,000 jobs in April, but even so, it was the 91st straight month to show increased employment in the US, the longest labor market growth streak on record.

The current jobless rate in the US indicates a market with virtually full employment, though the creation of 164,000 new jobs was slightly below analysts' expectations, Efe reported.
Donald Trump, Wikimedia Commons

The drop to 3.9 per cent comes after six consecutive months in which the employment rate remained stable at 4.1 per cent.

As for workers’ wages, on average they were up 4 cents an hour last month, the equivalent of 0.1 per cent or $26.84, and are expected to remain on the rise due to the continuing demand in the labor market.

Also Read: Guantanamo Bay Could be the Place for Some Foreign Fighters 

The labor force participation rate, defined as the share of the population 16 years and older either working or seeking work, dropped minimally from 62.9 per cent to 62.8 per cent.

This report on a robust labor market raises expectations that the Federal Reserve will increase interest rates, currently between 1.5 per cent and 1.75 per cent, at its next policy meeting in June. (IANS)