Last Update 16:53
Friday, 15 November 2019

Egypt's unemployment rate drops to lowest rate in 30 years

MENA , Saturday 26 Oct 2019
Unemployment rate
Egypt's unemployment rate from 1990 to 2019 (Source: Ministry of Planning, Ministry of Finance, Central Bank, Central Agency for Public Mobilization and Statistics)
Share/Bookmark
Views: 2419
Share/Bookmark
Views: 2419

Egypt's cabinet media center announced that the unemployment rate in Egypt reached the lowest level in 30 years with 7.5% in the second quarter of 2019, compared with 9.9% one year earlier. 

The drop has been achieved thanks to main factors; including the implementation of 9,039 projects by the state during the period from July 2014 to December 2018 at a total cost of EGP 2.1 trillion, the center said in an info-graphic posted on its official website on Saturday.

The drop was also attributed to loans and facilities granted to companies and MSEs institutions at a value of EGP 144.2 billion during the period from December 2015 to June 2019, serving over 565,000 clients.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.