seekers face challenges relating to employers' needs and the number of jobs that are available, according to a report by the Ministry of Labor. Most Saudi job-seekers' specializations don't match the needs of the job market, which creates the need to recruit large numbers of expatriate workers, the report said. The problem is exacerbated because the growth of the job market is not keeping pace with increases in the number of citizens seeking jobs, the report noted. Despite these pressures on Saudi job-seekers, only 62 of them with university degrees have approached the Ministry of Labor and sought work there, the report said. The Ministry of Labor's list of people looking for work includes 40,000 secondary graduates, 32,000 second-intermediate graduates and 19,000 elementary-school graduates, the report said. Most of those who registered are from the Eastern Province and Riyadh and those from Al-Jouf made up the lowest number of registrants, the report said. The number of Saudis working in the banking sector has dropped by 1.6 percent from last year while the number of foreigners working in the sector has increased, according to the report.
