CAPMAS
CAPMAS


Unemployment Rate in Egypt Falls 2.3% QoQ in Q3 as Lockdown Measures Ease

15/11/2020

Egypt's unemployment rate declined in the third quarter of 2020 to 7.3 percent of the workforce -- which covers both the employed and unemployed -- compared quarter on quarter with 9.6 percent and down from 7.8 percent in the same period last year, state-run stats agency CAPMAS reported, attributing the decrease to an easing of the partial lockdown measures implemented by the government.

Egypt's workforce in the third quarter this year totaled 28.171 million people, up 5.6 percent from 26.689 million in the second quarter.

The workforce in urban areas reached 12.429 million people, and in rural areas, 15.742 million. There were 23.688 million men in the workforce, and 4,483 million women.

The unemployed comprised 7.3 percent of the workforce, or 2.061 million people, which is 19.9 percent down from 2.574 million in the second quarter and 6.8 percent down from the same period last year.

The unemployment rate in urban areas stood at 10.9 percent of the urban workforce, which is down from 12.5 percent in the second quarter and up from 10.6 percent in the same period last year, while in rural areas it stood at 4.5 percent of the rural workforce, compared quarter on quarter with 7.4 percent and year on year with 5.6 percent.

Meanwhile, the employed totaled 26.110 million, or 92.7 percent of the workforce, which is 8.3 percent up from 24.115 million in the second quarter.

In urban areas, there were 11.079 million employed people, while in the countryside there were 15.031 million.