Egypt’s unemployment rate records 7.2% in Q4 2020: CAPMAS

SourceEgypt Today
SectorEconomy
CountryEgypt

The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC CAIRO – 15 February 2021: Egypt's unemployment rate recorded 7.2 percent during the fourthquarter (Q4) of 2020, compared to 7.3 percent during the third quarter of 2020, marking a decrease of 0.1 percent, according to state’s statistic’s body.   Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) attributed Monday the decrease in the unemployment rate during the last quarter of 2020 to the continued return of normal daily activities, after the end of the closure decisions and partial curfew taken by the state to limit the spread of coronavirus.   The volume of the labor force rose 6.4 percent on quarter on quarter basis, recording 29.965 million individuals, compared to 28.171 million individuals during the previous quarter.   The urban labor force reached 13.161 million individuals, while in the countryside it reached 16.804million individuals.    The number of unemployed people recorded 2.166 million, (1,262 million males, 904,000 females), representing 7.2 percent of the total workforce, with an increase of 105,000 unemployed or 5.1 percent up from 2.062 million in the third quarter of 2020, and a decrease of 163,000 ...read more...