Unemployment
The unemployment rate was 7.1 percent in the third quarter of 2023 and 7.2 percent in the corresponding quarter of 2022.
CAPMAS further disclosed that the labor force in Egypt grew during the third quarter, with a total of 31.956 million individuals actively participating in the workforce.
The Monetary Policy Committee of the Central Bank of Egypt decided, Thursday, to raise its interest rates by 1 percent.
This came as Egyptian Minister of Finance, Dr. Mohamed Maait confimed in the financial statement on the state’s draft general budget for the fiscal year 23/24 submitted to the House of Representatives.
The Ministry of Social Solidarity signed Monday contracts with 10 NGOs to contribute to the creation of 50,000 job opportunities.
The estimated size of the labor force recorded 30.344 million individuals, compared to 30.264 million individuals during the previous quarter, with an increase of 0.3 percent.
The estimated size of the labor force recorded 30.264 million individuals, compared to 29.985 million individuals during the previous quarter, with an increase of 0.9 percent.
Egypt's Economic Conference revealed the government’s efforts to eradicate poverty, confirming that the unemployment rate in Egypt recorded its lowest level in 20 years during the second quarter of 2022 to settle at 7.2%.
Those are direct and indirect jobs.
The estimated size of the labor force recorded 29.985 million individuals, compared to 29.895 million individuals during the previous quarter, with an increase of 0.3 percent.
The report indicated that the budget spent until Decent Life's launching in 2021 amounted to LE 100 billion.
This review shows indicators of Egypt’s economic growth rates before and after the Russian war on Ukraine.
The study categorizes workers into blue-collar and white collar, and classifies them according to age, gender, level of education, geographical location, and sector.
Urban unemployment dropped.
The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.
According to the bulletin, the number of jobless persons aged 15 to 29 years reached 15 percent of the total workforce last year.
A press statement issued by the Ministry of Local Development on Wednesday indicated the top five governorates that received funds through the programme.
CAPMAS clarified in a statement, Tuesday, that the estimate of the size of the labor force recorded 29.653 million individuals, compared to 29.380 million individuals during the previous quarter, marking an increase of 0.9 percent.
The Ministry of Social Solidarity released the report Tuesday.
In an interview with BBC News Arabic, Madbouli said Egypt even told the Ethiopian side of its desire to take part in the construction of GERD.
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