Egypt’s unemployment rate inches up in third quarter

RIYADH: Egypt’s unemployment rate has increased 0.2 per cent to 7.5 per cent in the third quarter of 2021, compared with 7.3 per cent in the second quarter, Arab News quoted the Central Agency for Public Mobilisation and Statistics, as saying.

The number of unemployed Egyptians reached 2.2 million in the third quarter of 2021, compared with 2.1 million in the second quarter of 2021, it said.

The agency stated the size of the labour force increased 0.9 per cent to 29.4 million from 29.1 million individuals during the previous quarter.

The bulletin attributed the rise of unemployment and labour force to the influx of new graduates during August and September into the labour market.

Agriculture and fishing were the top sectors in terms of employment; followed by education, public administration and compulsory social security.

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