Egypt’s Unemployment Rate Surges to 13.4% in Q3/2013- CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed on Saturday that the unemployment rate in Egypt rose up to 13.4 percent during the third quarter of 2013, compared to 13.3 percent during the second quarter of the same year.

CAPMAS’s quarterly report, released on Saturday, attributed the significant increase in this rate to a slowdown of economic activities during the period from July to September.

The country’s total labour force has registered around 27.2 million during the second and third quarters of 2013, 4.2 percent up from Q3/2010.

According to CAPMAS, the number of working Egyptians reached 23.6 million, representing an increase of 8.000 thousand (or 0.03 percent), against the second quarter of the same year, but less by 0.9 percent than the third quarter of 2010.

The number of unemployed surged to 3.6 million persons in Q3/2013, including 13.4 percent of the labor force along with an increase of 30.000 thousand jobless persons, an increase estimated at 0.8 percent compared to the third quarter of last year and at 56 percent compared to the third quarter of 2010.