Egypt’s unemployment falls 8.1% in Q1 – CAPMAS

Egypt’s unemployment rate declined 8.1 percent during the first quarter of the year from 10.6 period during the same period in 2018, said the state-owned statistics agency CAPMAS said on Wednesday.

The number of unemployed stood at 2.267 million out of a total workforce of 27.968 million, CAPMAS said.

Unemployment was 8.9 percent in the fourth quarter of 2018 and 9.9 percent over the full year in 2018, according to the government.

Source: Reuters