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Unemployment rate up 0.1% in Q3 2015 - Daily News Egypt

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Unemployment rate up 0.1% in Q3 2015

CAPMAS says the unemployment rate registered 12.8%

The unemployment rate among youth in the third quarter (Q3) of 2015 has reached 12.8%, the Central Agency for Public Mobilisation and Statistics (CAPMAS) reported on Sunday.

The rate increased from 12.7% in Q2, but it represents a decrease from 13.1% in the same quarter in 2014, the report said.

CAPMAS added that the workforce registered 28 million individuals, with an increase of 218,000 individuals compared to the previous quarter.

Unemployment among male youth recorded 9.3%, and 24.9% among female youth.

CAPMAS previously reported that youth represent 23.6% of the total population, around 20.7 million. Youth close to the poverty line amount to 27.8%, while those under the poverty line comprise 24.1% of their total.

In 2014, the youth unemployment rate reached approximately 29%, while those in poverty stood at 50%. The number of Egyptians leaving the country has increased by 17% in 2014, compared to the preceding year.

Youth make up around 52% of Egypt’s labour force, with males representing 72.3% of the figure and females representing some 33%.  Females, however, are more successful at obtaining permanent jobs, constituting around 70.8% of the young Egyptians who have permanent jobs.

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