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Egypt’s unemployment rate decreases to 8.9% during Q4 2018: CAPMAS

Egypt’s unemployment rate registered 8.9% of the total labour force in fourth quarter (Q4) of 2018, while it was 10% in Q3 2018, with a decrease of 1.1% and a decrease of 2.4% from the same quarter last year, according to Central Agency for Public Mobilisation and Statistics (CAPMAS) on Thursday. The CAPMAS said that …

Daily News Egypt

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