Of­fi­cial un­em­ploy­ment rate drops to 12% in Q1 2017

5.302 MIL­LION PEO­PLE WORK IN AGRI­CUL­TURE AND FISH­ING, EQUIV­A­LENT TO 20.7% OF EM­PLOYED WORK­FORCE, AC­CORD­ING TO CAPMAS

The Daily News Egypt - - Business - By Hos­sam Mounir

The of­fi­cial un­em­ploy­ment rate de­clined to 12% of the to­tal work­force in the first quar­ter (Q1) of the cur­rent year, down from 12.4% in the last quar­ter of 2016 and 12.7% in the first quar­ter of 2016, ac­cord­ing to the Cen­tral Agency for Pub­lic Mo­bi­liza­tion and Sta­tis­tics (CAPMAS).

In a re­cent re­port is­sued on Mon­day, CAPMAS stated that the to­tal work­force in Egypt reached 29.149 mil­lion peo­ple, up by 79,000 (0.3%) from the fourth quar­ter of 2016 and up by 710,000 (2.5%) from the first quar­ter of 2016.

More­over, CAPMAS added that the num­ber of un­em­ployed cit­i­zens reached 3.503 mil­lion peo­ple, rep­re­sent­ing 12% of the to­tal work force. This is down by 88,000 from the fourth quar­ter of 2016 and 118,000 from the first quar­ter of 2016.

The num­ber of un­em­ployed youth be­tween the ages of 15 and 29 reached 79% of the to­tal un­em­ployed work­force.The ra­tio of un­em­ploy­ment in ur­ban ar­eas reg­is­tered 13.7% of the to­tal work­force there, com­pared to 14% in the fourth quar­ter of 2016 and 15.2% in the first quar­ter of 2016.

Mean­while, un­em­ploy­ment in rural ar­eas stood at 10.8%, down from 11.1% in the fourth quar­ter of 2016 and 10.9% in the first quar­ter of last year.

Ad­di­tion­ally, CAPMAS ex­plained that 91.9% of un­em­ployed work­force were univer­sity grad­u­ates, av­er­age and above av­er­age cer­tifi­cate hold­ers.

In con­trast, CAPMAS said that 25.646 mil­lion peo­ple were em­ployed in the first quar­ter of 2017, up by 167,000 (0.7%) from the last quar­ter of 2016 and 828,000 from the first quar­ter of 2016.

The num­ber of em­ployed men reached 20.621 mil­lion, while that of fe­males reached 5.025 mil­lion.

Ac­cord­ing to CAPMAS,17.052 mil­lion were em­ployed with fixed salaries, ac­count­ing for 66.5% of the to­tal em­ployed work­force, while 2.772 mil­lion, or 10.8%, were busi­ness own­ers.

Fur­ther­more, 3.347 mil­lion peo­ple were work­ing as in­de­pen­dent pro­fes­sion­als, equiv­a­lent to 13% of the to­tal work­force, while the num­ber of cit­i­zens work­ing in fam­ily projects for no of­fi­cial wage amounted to 2.475 mil­lion clients, or 9.7% of the work­force.

The agri­cul­ture and fish­ing sec­tors ac­counted for the largest share of the work­force, em­ploy­ing 5.302 mil­lion peo­ple, 20.7% of the to­tal em­ployed work­force.

Con­struc­tion, whole­sale, and re­tail trade, trans­for­ma­tion in­dus­tries, ed­u­ca­tion, trans­port, and stor­age fol­lowed on the rank­ing list re­spec­tively, in terms of num­ber of em­ploy­ees.

CAPMAS stated that the to­tal work­force in Egypt reached 29.149 mil­lion peo­ple

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