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Egypt’s unemployment rate declines in Q3

Egypt’s unemployment rate declines in Q3

ArabFinance: Egypt registered an unemployment rate of 7.3% during the third quarter (Q3) of 2020, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on November 15th.

The jobless level marked a 0.5% Year on Year decrease, the statistics agency added.

The July-September unemployment rate was 2.3% Month on Month lower than 9.6% in the April-June period, CAPMAS noted.

The state-run authority attributed the decline in the number of unemployed citizens to the return of daily activities, as well as the gradual lift of precautionary measures against COVID-19.

More than 28.17 million people were included in the workforce during the July-September period, CAPMAS added. This represented a 5.6% increase when compared to 26.68 million individuals working over the same quarter in 2019.

Egypt has decided to resume several activities nationwide as of September.

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