Egypt says unemployment falls to 10.6 percent

CAIRO — Egypt's statistics agency says unemployment has fallen in the first quarter of 2018 to 10.6 percent compared to 11.3 percent in the three months prior.

CAPMAS says in a Tuesday statement that the decrease amounted to a 1.4 percent drop compared to the same quarter a year earlier.

It estimates Egypt's labor force at 29.2 million people — down 86,000 from the previous quarter due to seasonal work — with the number of unemployed at 3.1 million people.

Egypt's economy is still recovering from a costly 2011 popular uprising and years of political instability. The government secured a $12 billion loan from the IMF in 2016 and launched an austerity program that has included subsidy cuts.

The country has a large informal labor sector not reflected in unemployment statistics.

Must Read

Bangladesh restricts Rohingya refugees, starts...

Sep 18, 2017

Bangladeshi authorities are trying to restrict the movement of Muslim Rohingya refugees fleeing...

AP PHOTOS: Rohingya cry for 'motherland' at...

Sep 25, 2017

AP PHOTOS: Rohingya cry for their 'motherland' at Bangladesh refugee camp

Unrecognized at home, Rohingya refugee receives...

Oct 6, 2017

The hundreds of thousands of Rohingya Muslims who have fled violence and discrimination in Myanmar...

Rohingya refugee influx inspires Bangladeshi aid...

Oct 16, 2017

Bangladeshis are rushing to help Rohingya Muslims fleeing violence in Myanmar, but some worry the...

Wild elephants attack Rohingya camp, killing 4 in...

Oct 15, 2017

Wild elephants have attacked a new camp where Rohingya refugees were sleeping, killing a woman and...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress