The Saudi labor market is segmented in several aspects, be it in wages, work hours or skills with unique challenges facing the employment of Saudis in the private sector. Data released by the Central Department of Statistics and Information showed that the overall unemployment rate in Saudi Arabia was healthy by international standards at 5.7% during the first half of Protected content . This reflected the positive general employment stance of the non-oil economy and the private sector in particular. However, the challenge to the Saudi labor market is rooted in the over-reliance on non-Saudis occupying private sector jobs.
84 thousand new jobs will be created for Saudis per year between Protected content 2025, compared to Protected content jobs created per year on average between Protected content 2014, pressuring on the fiscal balance as a result of lower oil revenues, and a higher base effect lead to project slower growth in public sector employment.
Full forecast on labor supply, labor demand and 3 different scenarios for Saudi employment growth at Protected content