Unemployment rate in Egypt fell to 8.9 percent in the fourth quarter of 2018, down by 1.1 percent compared to the third quarter’s rate of 10 percent and down by 2.4 percent from the same quarter of 2017.
An unemployment report by Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) revealed a decline in the unemployment rate when compared to the total workforce. Among the males, there was a 6.4
On a quarter-on-quarter basis, the unemployment rate also dropped 1.1
Unemployment rate in Egypt averaged 10.87 percent from 1993 until 2018, reaching an all time high of 13.40 percent in the third quarter of 2013 and a record low of 8.10 percent in the second quarter of 1999.
With Egypt’s Vision 2030, the country is looking to reduce unemployment from the current rate to 4
The country’s Planning Minister Hala el-Saeed has also noted that Egypt aims to provide about 750,000 job opportunities in 2018/2019 by developing the absorptive capacity of the labour market to gradually provide 870,000 opportunities in 2021/2022.
Agriculture and fishing activity accounted for the largest participation of those engaged in economic activities (5.469 million people were employed in both industries). This was followed by wholesale and retail trade with 3.392 million employed persons. Next is the construction and building activity with 3.275 million workers.