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Tuesday, 22 October 2019

Egypt's unemployment rate falls to 12.8% in Q3

Ahram Online , Sunday 15 Nov 2015
Egypt
File Photo: Unemployment in Egypt (Photo: Al-Ahram)
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Egypt's unemployment rate fell to 12.8 percent in the three months ending September 30th from 13.1 percent in the same period a year earlier, official statistics agency CAPMAS said on Sunday.

The unemployment rate in the third quarter is slightly higher than the 12.7 percent registered in the prior quarter spanning from March to June.

President Abdel-Fattah El-Sisi pledged to reduce unemployment during his tenure, a target his government hopes to achieve by attracting private sector investments and foreign investments to boost the economy.

Some 218,000 individuals joined Egypt's labour force in the third quarter of this year since the prior quarter to record 28 million.

Youth unemployment inched up to 27.4 percent in the third quarter compared to 26 percent in the previous quarter.
 

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Tut
15-11-2015 10:30pm
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Cultivate the land
The Millions of unemployed Egyptians would be better off cultivating the land, producing local food to cut imports rather than filling sidewalk cafes bent on Shishas! What is the cabinet is waiting for? millions of unemployed, millions of raw land faddans, billions wasted on food import ... what they're waiting for!
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Al, Masri
15-11-2015 04:38pm
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2 Questions
If President Sisi "pledged" to cut unemployment in his "tenure" perhaps he can answer 2 questions" (1) how long he means by his tenure , and (2) how would hording fighter jets and aircraft carriers help his goal.
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