Egypt’s unemployment rate drops to 7.5%
Friday, 08 16 2019, Category: Economy, Country: Egypt
Egypt’s cabinet released an official statement announcing the decline of the unemployment rate in Egypt, which fell from 9.9 percent last year to 7.5 percent in the second quarter of 2019, the statement read.
Similar statement were released earlier this year declaring that Egypt’s unemployment rate dropped to 8.1 percent in the first quarter of the year, recording around 2,267,000 unemployed workers out of a total 27,968,000 million workers, according to the government.
The unemployment rate was approximately 10.6 in the first quarter of 2018, according to Trading Economics’ figures.
Government officials signaled to this improvement, paying tribute to vast national projects that recently provided more job opportunities and boosted the workforce in Egypt, Al-Ahram reported.
Source: Egypt Independent