The National Labor Observatory (NLO) recently unveiled a comprehensive analysis of the Saudi Arabian labor market, specifically focusing on the private sector’s workforce dynamics for the month of May 2024. The document provides a snapshot of the number of employees, with distinctions between Saudi and non-Saudi workers, segmented by gender, as well as insights into the net increase in Saudi employment and the influx of new workers into the private sector during the month.
In May, the total count of employees in the private sector climbed to over 11.37 million, signaling a robust pattern of job creation. The breakdown of these figures shows that 2,358,227 Saudi nationals were employed, consisting of 1,386,904 men and 971,323 women. Meanwhile, the non-Saudi segment of the workforce comprised 9,012,569 individuals, with 8,641,249 men and 371,320 women.
Highlighting the positive trend, the report pinpointed the addition of 30,881 Saudi citizens to the private sector workforce. This net growth is a testament to the continued development and appeal of the private sector as a key employer within the nation.
The NLO, since its inception through a Royal Decree in 2010, has been a central source for reliable data on the labor market. It systematically produces reports and publishes findings that delve into the labor market’s various indicators and statistics. Among these publications is the ‘Overview of the Saudi Labor Market in the Private Sector,’ which offers a detailed review of the previous month’s key data and trends.