The unemployment rate rises in Egypt to 7.4% in the third quarter

The unemployment rate rises in Egypt to 7.4% in the third quarter

The Egyptian Central Agency for Mobilization and Statistics announced the increase in the unemployment rate during the third quarter from 2022 to 7. 4%, an increase of 0. 2% over the previous quarter of 2022.
According to the results of the workforce for the third quarter (July – September) for the year 2022, the workforce (employees and unemployed) amounted to 30. 264 million individuals the volume of the workforce during the third quarter of 2022, compared to 29.

985 million individuals during the previous quarter, an increase of 0. 9%.
The workforce in cities amounted to 13,400 million, while in the countryside it reached 16. 864 million, while at the level of gender, the volume of the workforce amounted to 25,321 million for males, while females amounted to 4. 943 million individuals.

The reason for this rise is due to the increase in the number of workers by 180 thousand workers during the current quarter from the previous quarter and the height of the unemployed by 99 thousand unemployed, which led to an increase in the workforce by 279 thousand individuals.
The number of unemployed was 2. 250 million unemployed, or 7. 4% of the total labor force (1. 307 million males, 943 thousand females), in exchange for 2.

151 million unemployed in the second quarter 2022, an increase of 99 thousand unemployed and 4. 6%, and an estimated increase of 39 thousand unemployed than the same quarter of the year Previous 1. 8%..

About Author

World