GOSI: 47500 Saudis joined labor market in 3Q

Okaz/Saudi Gazette

RIYADH — The Normal Group for Social Insurance coverage (GOSI) revealed that the variety of Saudi subscribers, lined by the social insurance coverage system, signify 22.4 p.c of the full subscribers registered within the non-public sector. The variety of Saudi subscribers of GOSI recorded a rise of 47500 through the third quarter of the present 12 months, reaching 2.27 million employees by the top of the third quarter of 2023, in comparison with the second quarter of 2023, in keeping with the most recent report printed by GOSI.

The whole variety of GOSI subscribers, who work within the authorities and personal sectors, reached 10.69 million by the top of the third quarter of 2023. The variety of subscribers in private and non-private sectors elevated by about two p.c through the third quarter of 2023, in comparison with the earlier quarter when it reached 10.5 million subscribers.

The whole variety of energetic subscribers, who work within the non-public sector, reached 10.15 million on the finish of the third quarter of 2023, a rise of two p.c, in comparison with the second quarter of 2023, when it reached 9.98 million subscribers.

The variety of foreigners working within the non-public sector signify 77.6 p.c of the full subscribers and their quantity posted a rise of about 127900 subscribers, bringing their quantity to 7.88 million employees within the third quarter of 2023.

In response to the GOSI report, the biggest variety of energetic subscribers registered within the social insurance coverage system was within the Riyadh area, with roughly 4.47 million subscribers by the top of the third quarter of 2023, representing about 44 p.c of the full subscribers.