The unemployment rate in Egypt fell to 7.5 percent in the second quarter of 2019 compared to 9.9 percent in the same period a year earlier and 8.1 percent in the previous quarter. This is the lowest jobless rate since comparable series began in 2003, as the number of unemployed persons declined sharply by 781 thousand to 2.09 million while employed rose by 1,909 thousand to 28.1 million. Unemployment Rate in Egypt averaged 10.79 percent from 1993 until 2019, reaching an all time high of 13.40 percent in the third quarter of 2013 and a record low of 7.50 percent in the second quarter of 2019.
Unemployment Rate in Egypt is expected to be 9.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Egypt to stand at 6.80 in 12 months time. In the long-term, the Egypt Unemployment Rate is projected to trend around 6.80 percent in 2020, according to our econometric models.