Last Update 21:35
Monday, 16 September 2019

Egypt's jobless rate eases to 12.7pct in Q4/2015

Ahram Online , Monday 15 Feb 2016
Egyptians relax outside a cafe in Cairo
Egyptians relax outside a cafe in Cairo, Egypt (AP)
Share/Bookmark
Views: 2299
Share/Bookmark
Views: 2299

Egypt’s unemployment rate eased 0.10 percent in the period from October to December in 2015 compared to the same quarter the year before, state statistics body CAPMAS said in e-mailed statement on Monday.

The jobless rate among the age group of 15 to 64 year-olds, in the most populous Arab nation, registered at 12.77 percent in the fourth quarter of last year, CAPMAS said.

During the same period there were more female job seekers as the unemployment rate for women reached 25.8 percent, while for males the unemployment rate reached 8.9 percent.

The total labour force in Egypt increased by 2.4 percent from October to December last year compared to same period in 2014 to stand at 28.3 million people.

In January, the Central Bank of Egypt (CBE) called on banks to apportion 20 percent of their total loaning portfolio for small and medium-sized enterprises, with interest rates below 5 percent.

The CBE four-year small and medium-sized financing programme was announced as part of an ambitious plan by President Abdel-Fattah El-Sisi to assist smaller businesses.

El-Sisi said that the loans, which will reach an estimated total of EGP 200 billion, could benefit up to 350,000 projects, providing jobs to over four million employees. 

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.
1



FunnyGirl
15-02-2016 07:41pm
17-
8+
hilarious
Yes, a photo of a bunch of rich kids who probably have well paying jobs in international organizations sitting in a cafe in Zamalek is such an appropriate way to illustrate unemployment.
Email
 
Name
 
Comment's Title
 
Comment
Latest

© 2010 Ahram Online.