1,120 expats quit jobs daily: GOSI - Saudi Gazette

1,120 expats quit jobs daily: GOSI

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Saudi Gazette report

RIYADH
— As many as 302,473 expatriates have left the labor market from the beginning of 2017 until September at a daily average of 1,120 employees, Al-Watan Arabic newspaper reported on Monday quoting figures released by the General Organization for Social Insurance (GOSI).

GOSI said that about 500,000 Saudis have left the private sector at a daily average of 1,881 employees.

According to the figures, as many as 3,001 Saudis and expatriates daily quit the labor market.

GOSI said 514,860 Saudi women entered the labor market by the end of September compared to 505,185 women during the same time last year.

It said the number of the non-Saudi males and females participating in the organization came down to 8.2 million by the end of September from 8.5 million in 2016.

It said the number of the Saudi men and women participating in the organization has increased to 1.89 million this year from 1.87 million the previous year.

New job openings for expatriates dropped by about 161,500 during the second quarter of 2017, Makkah Arabic newspaper said last Tuesday quoting a report by Jadwa Investment Company (JIC).

The report said the employment of Saudis has gone up by 28,900 new jobs consisting of 60 percent men and 40 percent women.

The report, covering the conditions of the labor market during the second quarter of the year, expected a re-structural change in the employment of non-Saudis in view of dependent fees imposed on them since July 1. It said the rate of unemployment among Saudi youths decreased by about 15.9 percent taking a positive turn.

The report said as many as 92,3000 young Saudi men and women entered the labor market during the first six months of the year compared to 52,000 during the same period last year.


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