Unemployment Rate In Egypt Drops to 10.6% in Q1 2018
Unlike always, today we come with great news! The Central Agency for Public Mobilization and Statistics (CAPMAS), just announced that Egypt’s unemployment rate declined by 1.4%, in the first quarter of 2018, to reach 10.6% compared to the 12% in the same period in 2017.
According to Egypt Today, CAPMAS said that the unemployment rate among young people from 15 to 29 years old recorded 75.2 percent of the total labor force in Q1 2017.
In addition, the unemployment rate in urban areas recorded 12.1 percent, compared to 9.5 percent in rural areas.
Question is though, do you think that the unemployment rate dropped because the government has been providing jobs to the public or is it simply because people started working to afford the “enforced” expensive life we are living?
