Egypt’s unemployment rate is at its highest in 10 years, says the head of the country’s official statistics body.
The number of unemployed in Egypt reached 3.1 million in the first quarter of 2011, a growth of 799,000 on the fourth quarter of 2010, Abu Bakr El-Guindi, head of CAPMAS (the Central Agency for Public Mobilization and Statistics) told a press conference on Wednesday.
Egypt’s unemployment rate is now 11.9 per cent, up from 8.9 per cent in December.
El-Guindi said the workforce was now 26.3 million people, 33 per cent of Egypt’s estimated 80 million population.
New CAPMAS statistics also show that 28.9 per cent of the unemployed have a college education and 52.6 per cent some kind of technical or vocational qualification.
66 per cent of the unemployed have never worked, El-Guindi added.