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Thursday, 17 November 2016

Unemployment rate inches up to 12.6% in 3Q2016

Egypt’s unemployment rate in 3Q2016 has also inched upwards to 12.6% from 12.5% in 2Q2016, according to a report by CAPMAS. Males’ unemployment rate increased to 8.7% from 8.5% during the same period and females’ to 25.9% from 25.6%. Fully 88.4% of the unemployed are in the 15-29 age bracket, the report says, and 88.4% of them have college degrees. The total labour force grew by 2.9% y-o-y to stand at 28.8 mn at the end of 3Q2016.

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