Egypt jobless rate reaches 13.4% in Q3/2013

Advice, information and discussion about Egypt in general.

Moderators: DJKeefy, 4u Network

Post Reply
User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 11025
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 652 times
Been thanked: 1222 times
Gender:
Contact:
Egypt

Egypt jobless rate reaches 13.4% in Q3/2013

Post by DJKeefy »

Egypt's unemployment rate inched up 0.1 percent in the third quarter of 2013, amounting to 13.4 percent of the country's total labour force, according to the state-run statistics body CAPMAS.

CAPMAS's quarterly report, released on Saturday, attributed the increase in unemployment to an overall slowdown in economic activities during the period between July and September.

Egypt's planning minister Ashraf El-Araby stated in September that he was not optimistic about growth prospects for the first quarter of the current 2013/14 fiscal year, which began in July.

"It is normal to have slow growth in the first three months of every fiscal year," El-Araby said. "But in this fiscal year we will see poorer growth due to a number of events that may have had negative impacts."

These events include the Islamic month of Ramadan, a new transitional government, the dispersal of two sit-ins in support of ousted president Mohamed Morsi, and the imposition of a state of emergency and a curfew, El-Araby clarified.

According to CAPMAS, the number of working Egyptians reached 23.6 million in the third quarter of 2013, with the total labour force registering at 27.2 million.

The number of unemployed increased by 30,000 in Q3 2013, resulting in some 3.6 million jobless Egyptians.

The unemployment rate among male workers reached 9.9 percent, while among female it was 25.1 percent.

Roughly 70.8 percent of job seekers are aged 15 - 29 years, compared to 74 percent in the previous quarter.

Job seekers in urban areas swelled by 0.7 percent during the July to September quarter, reaching 16.7 percent.

The unemployment rate in Egypt's rural areas shrank to 10.8 percent in Q3, from 11.3 in Q2 of the current year.

Source: http://english.ahram.org.eg/News/86742.aspx


Image
Eurydice
Junior Member
Junior Member
Posts: 67
Joined: Fri Oct 18, 2013 10:04 am
Has thanked: 2 times
Been thanked: 1 time
Egypt

Re: Egypt jobless rate reaches 13.4% in Q3/2013

Post by Eurydice »

The statistcs looks overoptimistic, I wonder what are the true figures. :cg
A-Four
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 4154
Joined: Wed Jul 29, 2009 10:04 pm
Location: London
Has thanked: 905 times
Been thanked: 1113 times
Gender:
United Kingdom

Re: Egypt jobless rate reaches 13.4% in Q3/2013

Post by A-Four »

Eurydice wrote:The statistcs looks overoptimistic, I wonder what are the true figures. :cg
Like the old days Eurydice, El Ahram has started to make 'BIG errors', even people who have little knowledge of such a subject questions their findings. The figure of around 13% is the present day amount for un-employment in Ireland,.........an easy mistake.
Post Reply
  • Similar Topics
    Replies
    Views
    Last post
  • Egypt's poverty rate rises to 26% in 2012 to 2013
    by DJKeefy » » in Know Egypt
    1 Replies
    60097 Views
    Last post by Hafiz
  • Exchange Rate (2nd December 2013)
    by DJKeefy » » in Know Egypt
    9 Replies
    7223 Views
    Last post by A-Four
  • Exchange Rate (13th January 2013)
    by DJKeefy » » in Know Egypt
    8 Replies
    1619 Views
    Last post by A-Four
  • Egypt population reaches 91 million
    by DJKeefy » » in Know Egypt
    4 Replies
    7652 Views
    Last post by Winged Isis
  • Child marriage in Egypt reaches 117,000 children
    by DJKeefy » » in Know Egypt
    7 Replies
    1348 Views
    Last post by A-Four