SCZONE chair showcases investment opportunities to US institutions, companies    Eight Arab, Muslim states reject any displacement of Palestinians    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    EU drafts central energy plan to fix grid bottlenecks and save billions    United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Egypt signs $121 million deal with Cheiron for oil output boost    Egypt's NUCA, SHMFF sign New Cairo land allocation for integrated urban project    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Gold prices fall on Thursday    Egypt recovers two ancient artefacts from Belgium    Egypt assumes COP24 presidency of Barcelona Convention    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's index of labour demand falls 37 per cent in May
Total labour demand slumped last month on the back of a severe decline in advertised private sector positions
Ahmed Feteha Published in Ahram Online on 30 - 06 - 2011

Demand for Egypt workers declined by 37 per cent in May compared to the same period in 2010, according to the total index of labour demand published by the Information and Decision Support Centre (IDSC) of Egypt's cabinet.
The index details shows that, while local demand showed a large decline of 65 per cent, demand of other countries for Egyptian workers actually grew by 13 per cent year-on-year.
Demand for intermediate and above intermediate educated labour felt the toughest blow, slumping from 746 points in May 2010 to 188 points in May 2010.
The index traces demand for Egyptian labour based on vacancies announced in national newspapers, a simple index that uses 2002 data as its base year.
Demand for labour slid sharply in the period between December 2010 and February 2011 due to the uprising that eventually led to the ouster of former president Hosni Mubarak.
However, the index was on the rise in March, April and May.
The report also indicates that while the total number of vacancies declined, jobs offered by the public sector grew by 280 per cent year-on-year in May, implying an increased governmental role in filling the employment gap.
Announced vacancies in the private sector fell to 5,320 jobs in May 2011, from 15,460 jobs in May 2010.
The index, however, only captures demand for formal employment, whether in the private or public sector, which is unlikely to reflect the reality of labour situation in Egypt.
Informal employment, which constitutes almost 75 per cent of total workers, is generally not advertised in newspapers. Statistics suggest that over 35 per cent of Egyptian labour is working in vulnerable jobs, lacking social insurance, health insurance and unionisation.
Official data shows 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. It represented an unemploytment rate of 11.9 per cent, Egypt's highest in 10 years.

Clic here to read the story from its source.