Veteran Egyptian filmmaker Samir Seif passes away at 72    Hurghada, Cairo among world's 100 most visited cities in 2018    Egypt's FM Shoukry, Pompeo follow up on GERD talks, bilateral relations, regional developments    Here is the full list of Golden Globes 2020 nominations    Egypt's central bank launches industrial initiative to raise GDP to 7.5% annually: CBE deputy governor    Russia banned four years from Olympic Games over doping scandal    Only natural for Leicester to be overlooked, says Rodgers    Socceroos skipper Milligan announces international retirement    China says hopes it can reach trade agreement with U.S. soon    New IMF plan needed to reduce debt service costs: Jordan finance minister    Markets in Europe to open lower amid weak Chinese data    Saudi restaurants no longer need to segregate women and men    1 dead, many more missing in eruption of New Zealand volcano    Egypt's President Sisi urges improving ways to identify sport talents    Health insurance system to be launched in Upper Egypt, South Sinai in March    Biden campaign attacks Trump policy on Saudi Arabia, North Korea    Quake in Florence area disrupts Italy's national train network    Sisi reviews Egypt's new capital relocation scheme    Egypt's Sisi directs further efforts to develop higher education    Egypt's parliament speaker slams justice minister over 'inaction' in fighting corruption at notary offices    'The Irishman' draws 17 million U.S. viewers on Netflix, Nielsen estimates    Art Alert: King Lear on Cairo stage four times in December    Half of lymphoma patients alive three years after new cell therapy treatment: Study    Rocket hits Iraqi cleric's home following deadly Baghdad attack    Egypt's Sisi reviews anticipated New Administrative Capital relocation plan    Criminal court sentences 4 to death for killing 3 policemen in 2016 robbery    Even being big, burly one needs his mother    Egypt's Cabinet denies reports on increasing Jan. train fares    Egypt Zamalek's new coach eyes winning start in Champions League against 1º de Agosto    WHO decries "collective failure" as measles kills 140,000    Mohamed Salah, Zamalek's Hamed represent Egypt in shortlists for CAF awards    Rate of HIV infections in Egypt around 0.02% – minister    Adam Sandler threatens to make ‘so bad' movie if he doesn't win Oscar    Egypt's Tahrir Square among top Reuters photos of a decade    Egypt names 16 new governors ahead of anticipated Cabinet reshuffle    Egypt's MPs back potential return of information minister post in expected reshuffle    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







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





Egypt's unemployment rate 7.8% up in Q3 – CAPMAS
Published in Amwal Al Ghad on 16 - 11 - 2019

Egypt's unemployment rate rose 7.8 percent during the third quarter of the year from 7.5 percent during the second quarter of 2019, the state-owned statistics agency CAPMAS said on Thursday.
The unemployment rate dropped 2.2 percent in the third quarter of 2019, the statement added.
According to CAPMAS, about 2.2 million Egyptians are currently unemployed, nearly divided equally between males and females. Some 77.8 percent of the unemployed are between 15 and 29 years old.
The labour force was estimated at 28.406 million, up from 28.069 million during the second quarter of 2019, with an increase of 1.2 percent. The urban labour force reached 12.381 million, and the rural work force recorded 16.025 million.
The unemployment rate in urban areas rose to 10.6 percent out of the total work force, up from 9.3 percent in the second quarter of 2019, and 12.5 percent during the third quarter of 2018, with a decrease of 1.9 percent.
The unemployment rate in the countryside fell to 5.6 percent of the total labour force, down from 6.1 percent in the second quarter of 2019 , and 8.1 percent in the third quarter of 2018.
President Abdel Fattah al-Sisi pledged to reduce unemployment during his tenure by attracting private sector and foreign investments to boost the economy.
In recent years, the government has spent billions of dollars on mega projects, such as the new electric power stations, the New Suez Canal, networks of highways and the New Administrative Capital, which provided employment to tens of thousands of Egyptians.
Since 2014, the government has been implementing a set of economic reforms to lower the budget deficit, including floating the local currency, cutting energy subsidies and putting in place a value-added tax.
Egypt's cabinet media centre announced in October that unemployment reached the lowest rate in 30 years with 7.5 percent in the second quarter of 2019, down from 9.9 percent a year earlier.
The drop was the result of a set of factors, including the implementation of 9,039 state projects from July 2014 to December 2018, at a total cost of 2.1 trillion pounds, the centre said in an infograph posted on its official website.
Source: Ahram Online


Clic here to read the story from its source.