41584
Egypt Adds Jobs
World Economy

Egypt Adds Jobs

Egypt’s unemployment rate inched downward to 12.7% in the first quarter of 2016 compared to 12.8% registered in both the first and last quarters of 2015, official statistics agency CAPMAS announced on Sunday, AlAhram reported. Egyptian officials hope to reduce unemployment to less than 10% and are targeting a growth rate of at least 6% by the end of the 2018/19 fiscal year. According to the ministry of planning, Egypt’s GDP growth rate slowed to 2.2% in the final quarter of 2015, compared to 3.7% during the same period a year earlier. Unemployment among 15-29 year olds reached 27.3% of the workforce. Compared to the first quarter of 2015, the Egyptian workforce grew 2.6% to a record 28.4 million people in the first quarter of 2016. The CAPMAS report noted that unemployment among females is 25.7% and among males 8.9%. Urban unemployment was15.2%, compared to 10.9% in rural areas.

 

Short URL : http://goo.gl/nW0eTl
  1. http://goo.gl/A1xUSM
  • http://goo.gl/5Rrbsv
  • http://goo.gl/QkmFsN
  • http://goo.gl/p8VyUI
  • http://goo.gl/q68iMY

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Trending

Googleplus