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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (194453)	8/2/2006 12:50:58 AM
From: Katelew	Read Replies (3) \| Respond to of 281500

I think high Saudi unemployment rate you quoted is actually in the 20-24 year age group...overall unemployment rate is resonable. Contributing factors are a mini-baby boom that is now entering work force and a long tradition of expatriate employment in Saudi Arabia. I think over 50% of Saudi jobs, mainly in the private sector, are held by expatriates.

To: geode00 who wrote (194453)	8/4/2006 9:14:29 AM
From: jttmab	Read Replies (1) \| Respond to of 281500

It is pretty amazing how, even with Nafta and that giant sucking sound, more Mexicans aren't employed at home. China is getting a good deal of new jobs from all over the place. Even the Mexicans can't compete with China. I don't get why Saudi Arabia has a 30% unemployment rate either. Saudi Arabia imports a lot of foreign workers. Much of the wealth is in the bank accounts of the Royal Family. To get a good handle on all the reasons, you would have to examine in some detail the components of GDP and the demographics. jttmab