Thursday, September 29 2022

Oman’s unemployment rate fell well below the pre-pandemic level earlier this year, thanks to the sultanate’s efforts to prevent layoffs of Omani workers and provide jobs to citizens during the pandemic in cooperation with the private sector.

The unemployment rate fell to 1.9% in December 2021, well below the pre-pandemic level of 2.8% in December 2019, the World Bank said in its recently released Gulf Economic Update report.

The World Bank noted that unemployment remains higher among young Omanis between the ages of 15 and 24, and particularly among young women.

The bank pointed out that more Omanis are currently employed in the private sector compared to pre-pandemic times.

“The private sector continues to be the main contributor to employment for Omanis. After a decline in 2020, the number of Omanis employed in the private sector has rebounded and as of December 2021 is estimated at around 267,000 compared to an average of around 262,300 in 2019,” the World Bank said.

The latest data from the General Federation of Workers of Oman shows that the jobs of 45,708 citizens were saved in 2021.

By the end of December 2021, no less than 40,000 Omanis had been hired, bringing the total number of job seekers to around 50,000.

The Ministry of Labor aims to provide 35,000 employment opportunities through the recruitment, replacement and training of citizens in 2022.

© Apex Press and Publishing Provided by SyndiGate Media Inc. (Syndigate.info).

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