Egypt: Yearly Unemployment Rate Down 0.8 Percent

SourceAl Bawaba
SectorEconomy
CountryEgypt

The October-December 2020 rate came slightly down by 0. 1% from the previous quarter, when the unemployment rate scored 7. 3%. Egypt's unemployment rate registered a marginal decline of 0.

8% Year on Year to 7. 2% during the fourth quarter (Q4) of 2020, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed. The October-December 2020 rate came slightly down by 0. 1% from the previous quarter when the unemployment rate scored 7. 3%. There were 2. 16 million jobless citizens during Q4 2020, compared with 2. 06 million in the July-September period of the same year. Egypt's overall workforce, both employed and unemployed, reached 29. 96 million in the October-December period last year. CAPMAS attributed the deterioration in the number of the jobless to the resumption of daily activities following the partial lockdown due to the COVID-19 outbreak in 2020. ...read more...