World Economy

Morocco Jobless Rate Falls to 9.4%

Morocco Jobless Rate Falls  to 9.4%Morocco Jobless Rate Falls  to 9.4%

Growth in service and construction industries lowered Morocco’s official unemployment rate to 9.4% last year from 9.7% in 2015, the country’s planning agency said on Monday, Reuters reported. Services and construction created 38,000 and 36,000 jobs respectively, according to Monday’s report. Manufacturing created 8,000 jobs. The government has been developing manufacturing in areas such as car, aerospace and electronic components, in an effort to reduce reliance on agriculture and create more jobs in its crowded big cities. Agriculture, which accounts for some 15% of Morocco’s gross domestic product and employs more than half its workforce, lost around 32,000 jobs last year. 


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