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Unemployment rate drops to 10.6% in Q1 2018: CAPMAS

The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced on Tuesday the results of its labour force survey for the first quarter (Q1) of 2018, stating that unemployment fell to 10.6% of the total labour force compared to 11.3% in Q4 2017. According to the CAPMAS, that quarter witnessed both a decrease in the …

Nihal Samir

Targeted growth rates, unemployment 

The government targets a gross domestic products (GDP) growth rate of 5.8% for FY 2018/19, according to the pre-budget announcement, with authorities targeting inclusive growth affecting all economic segments. Consequently, the government aims to create jobs to absorb the growing workforce; it is estimated that more than 700,000 join the work force annually. Many economic …

Daily News Egypt

Creating jobs for youth main challenge for Arab region: Azour

Marrakesh – Unemployment continues to be the main challenge facing the Middle East and North Africa (MENA) region, Jihad Azour, president of the International Monetary Fund (IMF) in the Middle East and Central Asia told Daily News Egypt Monday on the sidelines of the IMF’s Opportunity for All conference. The challenge of unemployment in the Arab …

Nevine Kamel

Egypt’s economy over 6 years

There are three variables in any economy which need to be reduced: inflation, unemployment, and debt; and three others which must be increased, including investment, growth, and export. There are also some intermediate variables that contribute to achieve those six goals, such as increasing the savings which help boosting investment and fighting poverty through reducing …

Moataz Bellah Abdel-Fattah

Unemployment rate in ashwa’yat is 9.9%: CAPMAS, Population Council

The Central Agency for Public Mobilization and Statistics (CAPMAS) and the Population Council announced the results of their survey of young people in the ashwa’yat (informal housing areas) of Greater Cairo during a meeting held on Tuesday. The survey measured the indicators of health, unemployment, migration, and marriage formation. The survey revealed that 44.5% of …

Hisham Salah

Women dominate the face of unemployment in Egypt: researchers

Young women with university degrees are five times more likely to be unemployed than young men in Egypt, according to the Population Council’s research on gender disparity in access to higher education. While there are nine women for every 10 men in university and the gender gap is narrowing, the percentage of unemployment after graduation …

Jihad Abaza

Unemployment hits 12.6% in Q3 of 2016: CAPMAS

The unemployment rate in Egypt has risen to 12.6% during the third quarter (Q3) of 2016, up from 12.5% in the second quarter (Q2), according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The third quarter is usually when new graduates join the market with different degrees, including medium education qualifications, above medium, …

Hossam Mounir

Promises of reform: a story that could end happily, or in disaster

Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …

Hisham Salah

Unemployment decreases by 0.2% down to 12.5% in Q2/2016: CAPMAS

Unemployment rates witnessed a decrease of 0.2% in the second quarter (Q2) of 2016 down to 12.5%, compared to 12.7% in the first quarter (Q1) of 2016, according to a press release by the Central Agency for Public Mobilisation and Statistics (CAPMAS) issued on Monday. A source from CAPMAS said that the decrease can be …

Adel M. Fakhry

German unemployment falling further

Joblessness in Europe’s biggest economy has never been lower in more than a quarter century, dropping below 6 percent for the first time since June 1991 as healthy economic growth causes companies to continue hiring.

Deutsche Welle

EU struggles with long-term unemployment

A newly-published study shows that more than half of the 22 million unemployed people in the European Union have been jobless for a year or longer, with older people and low-skilled workers the most affected.

Deutsche Welle

How unemployment will end up in Egypt

I know I am not be the first, nor will I be the last, to write about unemployment in Egypt, but in the next few paragraphs I will talk about unemployment as a disaster rather than as a problem. It has become like a snowball whose size increases day by day and afflicts young people …

Abdallah Al-Moghazy