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Egypt: Unemployment rate dropped to 11.3% in Q4 2017

  • Comments   -   Thursday, 22 February 2018 - 09:04

(Ecofin Agency) - During Q4 2017, the unemployment rate decreased to 11.3% in Egypt, according to the central statistics agency (CAPMAS). Indeed, a quarter earlier, it was 12.6%. This means that 204, 000 people joined the rank of the employed during the quarter under review.

On a year-on-year basis, the number of unemployed also declined by 282,000 to stand at 3.3 million in the period under review, compared to the same period in 2016 when the unemployment rate was 12.4%.

Let’s note that the Egyptian government wants to reduce the unemployment rate to 4%, in the framework of its sustainable development strategy called “Vision Egypt 2030”

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