The employment market in Saudi Arabia’s private sector has incorporated for the first time over 11.2 million employees. Out of this total, 8.8 million employees are expatriates, while 2.3 million are Saudi nationals, a new report suggests.
According to the statistical figures released by the National Labor Observatory, the increase in the number of Saudi nationals joining the workforce is noteworthy, especially considering that the unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023.
This brings the country closer to its unemployment target of 7 percent set under Vision 2030. The positive trend can be attributed to the growing participation of female workers in the job market and the government’s initiatives to create more employment opportunities for Saudi Arabia’s nationals.
Data highlighted that a total of 28.1 thousand citizens joined the private sector labor force in March, marking their first-time entry into the sector. Among the employees in the private sector, approximately 9.9 million are males, while around 1.3 million are females, as reported by the Observatory.
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