Arab News, Tue, May 07, 2024 | Shawwal 28, 1445
Saudi private sector employment reaches 11.27m in April: official data
Saudi Arabia:
Saudi Arabia’s private sector has created more job opportunities, with the total
number of employees reaching 11.27 million workers in April, official data
showed.
According to the Saudi National Labor Observatory
report, there was a net increase in citizen employment for April, with 18,535
individuals newly joining the private sector workforce.
Among these figures, there are over 2.35 million
Saudi nationals, comprising more than 970,200 female workers and over 1.38
million male employees.
On the other hand, NLO data showed that the total
number of residents employed in the private sector exceeded 8.91 million
individuals, comprising over 8.55 million male workers and only 364,900 female
employees.
The report provides an overview of the Saudi
private sector, highlighting a dynamic workforce of over 9.9 million male
workers and more than 1.3 million female workers, representing diverse
nationalities and playing integral roles in sector operations.
In February, the total number of employees in the
Saudi private sector reached 11.1 million, marking a 0.9 percent increase from
the previous month, according to an NLO release.
The national observatory report revealed that out
of the total, 2.3 million were Saudi nationals, while 8.8 million were residents
of the Kingdom belonging to different nationalities.
That data reflected a positive trend in the
employment industry as the private sector continues to expand its workforce,
creating opportunities for Saudi citizens.
Moreover, an analysis of the Saudi national
workforce revealed that while 961,690 employees were females, 1.4 million were
males.
Meanwhile, among the 8.8 million non-Saudi
workers, 348,892 were women, while 8.4 million were men.
In February alone, the net growth in jobs for
Saudi nationals as well as residents stood at 26,694, indicating a steady
increase in employment within the private sector.
Saudi Arabia’s economic diversification efforts
have transformed the Kingdom into a hub for employment opportunities, propelled
by bold giga-projects such as NEOM, which attract fresh talent into the
construction sector.
NLO, a governmental organization, is tasked with
monitoring and analyzing labor market trends and dynamics in the country. It
serves as a crucial resource for policymakers, researchers, and stakeholders
interested in understanding and addressing issues related to employment,
workforce development, and labor market regulations.