Unemployment rate declines for the first time since 2010: Egyptian prime minister

Ahram Online , Wednesday 29 Aug 2018

PM Mostafa Madbouly
A file photo of PM Mostafa Madbouly (Photo:Egyptian Cabinet)

Egyptian Prime Minister Mostafa Madbouly announced on Wednesday though the state-owned MENA news agency that, for the first time since 2010, the unemployment rate in the country has declined.

According to PM Madbouly, the unemployment rate in 2018 is less than 10 percent for the first time since 2010.

The prime minister said during the weekly cabinet meeting that the national projects currently implemented in Egypt across different industries played an essential role in reducing the unemployment rate in the country.  

According to the Central Agency for Public Mobilization and Statistics, the unemployment rate was 11.8 percent in 2017 and 12.5 percent in 2016.

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