Overview of Employment Growth
The private sector workforce in Saudi Arabia increased by 64,000 in July 2024, reaching a total of 11.4 million employees. This growth indicates a continuing trend of job expansion within the sector, as reported by recent official labor figures.
Details of the Workforce Composition
According to the Saudi National Labour Observatory (NLO), the private sector's total workforce includes 9.1 million expatriates, of whom 383,499 are females. In addition, the number of Saudis employed in the private sector rose to 2.342 million, including 956,639 females.
Impact and Implications
This increase in employment reflects ongoing efforts to diversify and grow the workforce in Saudi Arabia, aligning with broader economic and labor market goals. The inclusion of both expatriates and Saudi nationals highlights a balanced approach to workforce development.
Saudi Arabia Allocates SR2.3 Billion To Boost Private Sector Employment For Citizens In H1 2024
