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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Unemployment Rate climbed to 3.5% in October 2025
FMPMonthlyReleased March 2026
Saudi Arabia Unemployment Rate climbed to 3.5% in October 2025, released March 2026, up 0.1% from September's 3.4% reading. The reading matched expectations. Unemployment Rate has now risen for 4 consecutive months. Unemployment Rate is now the highest in 12 months.
Latest Release
3.5
Actual
3.4
Consensus
3.4
Previous
Median Absolute Error
±0.6 percentage points
across last 9 releases
Last Call
Mar 2026
Predicted: 3.4
Actual: 3.5
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate (Saudi Arabia) was reported at 3.5% in March 2026. This beat the market consensus of 3.4% by 0.1%. The reading rose from the previous value of 3.4%. Trailing 12-month context per ETL data through March 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.37%, up from the prior three at 3.33%. In March readings over the past 3 years, Unemployment Rate has averaged 3.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 9 releases, the Sigmacast model's median absolute error is 0.6%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Unemployment Rate - SA
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About Unemployment Rate — Saudi Arabia
DEFINITION
The Unemployment Rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job and actively seeking employment. It is used to assess the health of the job market and the overall state of the economy. A high unemployment rate can indicate a weak economy, while a low unemployment rate can suggest a strong and growing economy. This data is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2025): actual 3.5 %, consensus 3.4 %. Prior reading (Jul 2025): 3.4 %. Before that (Apr 2025): 3.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.