Egypt’s unemployment rate rises to 7.4% in Q1 – CAPMAS

Egypt’s unemployment rate rose to 7.4 percent during the first quarter of the year ended in March from 7.2 percent in the fourth quarter of 2020, the state statistics agency CAPMAS announced on Tuesday.

CAMPAS reiterated the increase to the impact of the second wave of the coronavirus pandemic in the first quarter on jobs.

The number of Egyptians officially unemployed in the three months to March rose to 2.155 million (1.343 million men and 812,000 women) from 2.166 million in the fourth quarter of 2020.

The rate of the unemployed aged between 15 and 29 went down to 62.4 percent in the first quarter from 69.7 percent in the fourth quarter of 2020, CAPMAS added.

Unemployment rate among males rose to 5.6 percent in the first quarter from 5.1 percent in the fourth quarter. Among females, unemployment declined to around 15.9 percent in at the end of March from 16.8 percent at the end of December 2020.

Meanwhile, unemployment rate in urban areas fell to 11.1 percent in the first quarter, while in rural areas increased to 4.4 percent.