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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Unemployment Rate fell to 3.0% in April 2026
FMPMonthlyReleased September 2026
Saudi Arabia Unemployment Rate fell to 3.0% in April 2026, released September 2026, down 0.1% from March's 3.1% reading. The print came in cooler than the 3.2% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 3.4%. Unemployment Rate is now the lowest in 12 months.
Latest Release
3
Actual
3.2
Consensus
3.1
Previous
Median Absolute Error
±0.4 percentage points
across last 11 releases
Last Call
Sep 2026
Predicted: 3.2
Actual: 3
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → 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% in September 2026. This missed the market consensus of 3.2% by 0.2%. The reading fell from the previous value of 3.1%. Trailing 12-month context per ETL data through September 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.2%, up from the prior three at 3.13%. In September readings over the past 3 years, Unemployment Rate has averaged 3.17%.
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 11 releases, the Sigmacast model's median absolute error is 0.4%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include GDP Growth Rate YoY (Nov 1).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Apr 2026): actual 3 %, consensus 3.2 %. Prior reading (Apr 2026): 3 %. Before that (Jan 2026): 3.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - SA Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:00 | SA | M3 Money Supply YoY | 4.8 | 5.6 | 5.6 | 5.20 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | SA | M3 Money Supply YoY | 4.8 | 5.6 | 5.6 | 5.20 | Low |
| 10:00 | SA | Bank Lending YoY | 6 | 6 | 5.9 | 5.85 | Low |