CAPMAS: Unemployment rate decreases to 9.9 percent during 2Q 2018

CAIRO - 15 August 2018: Egypt’s unemployment rate fell to 9.9 percent in the second quarter of 2018, down from 10.6 percent during the first quarter of the same year and down by 2.1 percent compared to the same quarter of the previous year, state statistics agency CAPMAS said on Wednesday.

The rate has been falling steadily in recent months amid a program of economic reforms carried out by the Egyptian government.

The Central Agency for Public Mobilization and Statistics said in a statement that the number of unemployed was about 2.9 million in the second quarter of 2018, down by 219 thousand compared to the first quarter of 2018 and by 612 thousand compared to the same quarter of 2017.

The size of the work force reached 29.036 million people (including 22.665 million males and 6.371 million females) in the second quarter of 2018.