Unemployment Rate Increases to 7.5% in Egypt

Unemployment Rate Increases to 7.5% in Egypt

A view of the city skyline and River Nile from Cairo tower building in the capital of Cairo, Egypt December 5, 2019. REUTERS/Amr Abdallah Dalsh

Egypt’s unemployment rate went up 0.2 percent to 7.5 percent in Q3 2021, from 7.3 percent in the previous quarter, the state statistics agency said on Tuesday.

The total number of employees increased by 0.9 percent to 29.380 million in the July-September period, compared to 29.115 million in Q2 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) added.

It attributed this increase to the influx of new graduates during August and September into the labor market, which led to an rise in the unemployment rate in this quarter.

The urban labor force recorded 13.187 million individuals, while the rural labor force stood at 16.193 million.

The number of male employees stood at 24.277 million, whereas the number of female employees reached 5.103 million.

The number of unemployed people reached 2.211 million in Q3 2021, representing 7.5 percent of the labor force, up from 2.155 million in Q2 2021.

Meanwhile, MISR Cement Group, previously known as Misr Cement – Qena Group, unveiled its new identity.

Capitalizing on its exceptional heritage, the group’s companies are now united under one competent management, adopting a