Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the nation's unemployment rate has increased to a total of 9.6 percent during the second quarter of 2020 (April to June), a rise of 1.9 percent from the first quarter of this year (7.7 percent) and a 2.1 increase from the same period last year. The maximum rate was 13.4 % and minimum was 7.2 %. Facts and statistics about the Unemployment rate of Egypt. 1993-2020 Data | 2021-2023 Forecast | Calendar | Historical. Unemployment Rate in Egypt decreased to 7.20 percent in the fourth quarter of 2020 from 7.30 percent in the third quarter of 2020. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The current unemployment rate is around 9 percent with the youth population being the most heavily impacted. Download historical data for 20 million indicators using your browser. Egypt: … Factbook > Countries > Egypt > Economy. Please check your download folder. The Egyptian pound continues to lose value, and unemployment remains high. The jobless rate went up in urban areas (10.9 percent vs 10.6 percent in Q3 2019) but it decreased in rural areas (4.5 percent vs 5.6 percent). The number of unemployed persons went down by 31 thousand to 2.24 million. Unemployment rate: 7.86% (2019 est.) Definition: This entry contains the percent of the labor force that is without jobs. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. The first is does not find work (Nagwa,2010,(7)). Data published Quarterly by Central Agency for Public Mobilization and Statistics. unemployment, Egypt, Females Background The issue of unemployment has been one of the most pressing problems for many countries over the recent decades. "Educated unemployment," as often described in the literature, is a historical challenge in modern Egypt with documentation of the phenomenon dating back to the time of the British tutelage. Unemployment in Egypt involuntary unemployment is the situation where individuals are willing and able to Egypt’s economy suffers from work at the prevailing wage rates, but four key structural imbalances. It was the lowest jobless rate since comparable data began in 2003, attributed to the return of normal daily activities in the wake of the easing of restrictions previously imposed to contain the Covid-19 pandemic. However ,Unemployment is concentrated among the age group of youth (15-25 years). Unemployment affects the young and the educated. In Egypt, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. Each activity accompanies an outcome nonetheless, the circumstances and end results of unemployment … Secondly, Education system which plays vital role in unemployment problems. Unemployment is one of the most pressing concerns among young people as it affects them the most. Egypt's unemployment rate decreased to 7.3 percent in the third quarter of 2020 compared to 7.8 percent in the same period a year ago and 9.6 percent in the previous quarter. The Central Bureau of Statistics announced last May that Egypt’s unemployment rate had risen to 9.2 per cent of the total workforce during April, referring to the precautionary measures taken by the state to limit the coronavirus. This is so for 80% of unemployment in Egypt as well as Jordan. Unemployment declined to 7.2% by Q2-FY2020/21 (after spiking at 9.6% six months earlier), as the initial drop in total employment at the outset of the COVID-19 crisis was reversed, and both labor force participation and employment rates rebounded from their large initial dip, though remaining below potential at 43.5% and 40.4% of the working-age population. Youth unemployment is a serious policy challenge in Egypt. Egypt 2030 Vision aims to reduce unemployment from the current percentage to 4 percent. Unemployment refers to the share of the labor force that is without work but available for … Since Sissi came to power, overall unemployment has fallen slightly from 13.3 percent to … Saeed previously said that Egypt aims to provide about 750,000 job opportunities in 2018/2019 by developing the absorptive capacity of the labor market to … A key aspect of the stunted transition in Egypt is the problem of unemployment. Egypt Unemployment rate. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 12.7% (2016 est.) Unemployment is considered one of the most important and serious problems most countries suffer, where it results in negative impacts on the national economy. The Trading Economics Application Programming Interface (API) provides direct access to our data. The number of unemployed persons in Egypt increased to 2166 Thousand in the fourth quarter of 2020 from 2061 Thousand in the third quarter of 2020. Following the number of measures that were implemented to contain the virus, Egypt’s unemployment rate increased to 9.2% since […] Egypt has witnessed heightened political mobilization of young people in 2011, as part of what has been described in the media as the Unemployment has been a major problem in Egypt and a factor in the springtime rebellion. Total number of unemployment was less 200,000 in 1960 but it increased to 850,000 in 1967 and by 1986 this figure exceeds 2 million (economoywatch-website,2010). There are many reasons for unemployment in Egypt. Substantial underemployment might be noted. 90 per cent of people unemployed are under the age of 30, and unemployment has reached an unprecedented new high of 31.3 per cent of the active youth population. The number of unemployed persons decreased by 151 thousand to 2.062 million while the labour force went down by 234 thousand to 28.171 million. Egypt 2030 Vision aims to reduce unemployment from the current percentage to 4 percent. The median age has increased in Egypt from 20.4 in 1950 to 25.2 in 2013 (UN Economic and Social Affairs Division 2013). PMI data for September indicated the first overall increase in non-oil private sector activity in 14 months, driven by an uptick in consumer demand. Egypt - Unemployment Economic activity appears to have improved somewhat in recent months, following a 1.7% year-on-year contraction in Q2 (Q1: +5.0% yoy). Firstly, one of the major reasons is overpopulation. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. The official statistics agency CAPMAS clarified that it stopped collecting field data for the first quarter in mid-March, before the government began taking precautionary coronavirus-related measures. Unemployment is mainly concentrated among youth; for those aged 15–29, unemployment has been in the range of 84 percent over the 1990s and into the 2000s. According to … The statistic shows the youth unemployment rate in Egypt from 1999 and 2020. unemployment in Egypt is the degradation of the public education system that does not equip its students with the necessary skills to qualify them for work, or help them establish their own business. As part of Egypt’s COVID-19 response and rebuild strategy, Ministry of Planning recently launched a number of initiatives to protect small businesses, the private sector and provide job opportunities for the youth to decrease unemployment rates. Yet, the numbers of educated women are higher than men. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The ministry representative revealed that approximately 15 million women are housewives and that the reason behind the high unemployment rate amongst women was due to cultural perceptions of gender roles. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Unemployed Persons in Egypt averaged 2779.50 Thousand from 2003 until 2020, reaching an all time high of 3695 Thousand in the first quarter of 2014 and a record low of 2022 Thousand in the first quarter of 2003. Egypt's unemployment rate fell to 7.2 percent in the fourth quarter of 2020 compared to 8 percent in the same period a year ago and 7.3 percent in the previous quarter. The persistence of high unemployment rates in recent years has become a major problem in many MENA countries, especially in Egypt. Updated as of 2020. Its rate continues to climb and youth between the ages of 15 and 29 are increasingly the most affected. The unemployment rate overall in Egypt is 13.4%. The number of unemployed rose by 480 thousand to 2.57 million. Privatization and overpopulation are two of the major causes of unemployment in Egypt as they increase in the rate of the labour force without an increase in the amount of the jobs offered in the job market. Egypt's unemployment rate fell to 7.7 percent in the first quarter of 2020 compared to 8.1 percent in the same period a year ago. Youth unemployment rates exceed adult unemployment rates (Godfrey, M. 2003). Egypt's unemployment rate surged to 9.6 percent in the second quarter of 2020 compared to 7.5 percent in the same period a year ago and 7.7 percent in the previous quarter. Egypt April Inflation Rate Slows to 7-Month Low, Egypt Non-Oil Private Sector PMI Lowest in 10 Months, US Small Business Optimism Improves to 5-Month High, Eurozone Investor Morale Strongest since 2000, German Investor Morale at Over 20-Year High, Hungary Inflation Rate Surges to Near 8-1/2-Year High of 5.1%, Czech April Inflation Rate Quickens to 7-Month High, Turkey Retail Sales Growth at Decade High. Total unemployment in Egypt in 1960 was less than 200,000, but by 1986 this figure was more than two million. Please check your download folder. This statistic shows the unemployment rate in Egypt from 1999 to 2020. What is Unemployment Rate in Egypt? However, unemployment is not the only problem in relation to the labour market in Egypt. It was the lowest jobless rate since comparable data began in 2003, amid the continued return of normal daily activities, after the end of the closure decisions and partial curfew taken by the state to limit the spread of coronavirus. Impact Evaluation of Emergency Employment Investment Project (EEIP), Improving Youth Employability, Egypt 3 Executive Summary Background Promoting youth employment has become a policy priority. Unemployment Rate in Egypt averaged 10.58 percent from 1993 until 2020, reaching an all time high of 13.40 percent in the third quarter of 2013 and a record low of 7.20 percent in the fourth quarter of 2020. It was the highest jobless rate since the third quarter of 2018 as government measures to prevent the spread of COVID-19 dented the job market. Nowadays, it tops the list of priorities regarding development programs especially in countries where gender gap constitutes a … Outline Thesis Statement: Unemployment in Egypt is a danger that is threatening Egypt's economy. In 2020, the estimated youth unemployment rate in Egypt … The population is increasing day by day, but job opportunity cannot be created by the same proportion so, a huge percentage of people remain unemployed. In 2020, the unemployment rate in Egypt was at approximately 10.13 percent. Egypt’s budget seeks to lower the unemployment rate to 10.4 percent with an inflation rate of 13 percent. There are a plenty of reasons why somebody prepared and capable possibly without work. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. In the past two decades, employment growth in Egypt has failed to keep up with the growth of the working age population. Egypt’s unemployment rate has risen to 9.2 percent as a result of the economic repercussions of the coronavirus pandemic said Minister of Planning and Economic Development Hala al-Saeed on Saturday, citing preliminary data from a labor force survey conducted from March until the … Direct access to our calendar releases and historical data. According to economoywatch website unemployment is the one most critical problem for Egypt over a few decades and it has increased significantly since year 1960. Unemployment with advanced education (% of total labor force with advanced education) Unemployment with basic education, female (% of female labor force with basic education) Share of youth not in education, employment or training, female (% of female youth population) Download. According to the source, the data are ILO estimates. Unemployment Rate in Egypt decreased to 7.2 % in the forth quarter of 2020. 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