KUWAITIS "UNEMPLOYMENT" IS AT ITS LOWEST SINCE 2016

  • 28/10/2022

Kuwait City: The population of Kuwait increased by 1.8% as of June 2022 compared to the end of 2021, according to a report from the National Bank of Kuwait. This is the first increase in both the number of citizens and expatriates to be recorded since 2019 as well. The expatriate population increased in the first half of the year due to the recovery of economic activity in labor-intensive sectors and the rise in demand for domestic workers, even though it was still significantly lower than levels seen in the pre-pandemic period.


The report added that the employment rates of Kuwaiti nationals witnessed a sharp increase during the past year, thanks to the increase in job opportunities provided by the private sector. Despite the decrease in the unemployment rate among Kuwaiti citizens to about 5.2%, which is the lowest recorded level since 2016, the continued increase in job opportunities supported by economic growth is one of the most essential matters to accommodate the increasing numbers of new entrants into the labor market. The report indicated that the population of Kuwait took a different path in the first half of 2022, but it was still lower by 3.5%, on an annual basis. 

The development pace of the quantity of Kuwaitis has stayed unaltered at the degree of 2% on a yearly premise over the beyond over two years while the quantity of ostracizes expanded again by 2.3% in the primary portion of 2022, it is still essentially lower on a yearly premise and 11.4% lower than the pinnacle levels kept in 2019, a decline of 382,000, as per the most recent information gave by Open Expert for Common Data. 

The NBK detailed that the general pace of business (barring homegrown specialists) diminished by 5.9% on a yearly premise in June 2022, driven to a great extent by the decrease in non-Kuwaiti positions (- 9%). Conversely, occupations held by Kuwaiti residents expanded by 6.1%, which is the most grounded development rate beginning around 2011. The extent of Kuwaiti residents hopped from the complete rate (barring homegrown laborers) to 23.4% contrasted with 18.7% in 2019.

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