Monday, January 8, 2024
Private Sector workforce in December rises to 10.9 million in Saudi Arabia
In December 2023, the total workforce in the private sector of the Kingdom of Saudi Arabia experienced a significant rise, reaching 10.9 million individuals. Most Viewed : Saudi Arabia discovers huge Gold deposits in Makkah region
Based on the report, the overall count of expatriates employed in the private sector by December 2023 amounted to 8.7 million individuals, whereas the total count of Saudi citizens in the private sector reached 2.32 million.
- The data presented in the report indicated a rise in the overall workforce consisting approximately 10.98 million individuals in the private sector as of December. This shows the ongoing attract of securing employment in the private sector.
- The December 2023 private sector labor market statistics were disclosed by the National Labor Observatory (NLO), an agency operating under the Ministry of Human Resources and Social Development (MHRSD). Recommend : Greenery in Makkah increased by 600% in the last 5 months
- According to the NLO report, 44,769 citizens entered the private sector labor market for the first time. The report examined the overall employment figures for both citizens and expatriates, as well as the net employment growth for citizens throughout the corresponding time frame.
- The data also covered the count of individuals who have recently began employment in the private sector for the first time.
