Egypt's unemployment rate surged to 9.6 percent in the second quarter of 2020 compared to 7.5 percent in the same period a year ago and 7.7 percent in the previous quarter. It was the highest jobless rate since the third quarter of 2018 as government measures to prevent the spread of COVID-19 dented the job market. The number of unemployed rose by 480 thousand to 2.57 million. The jobless rate went up in both urban areas (12.5 percent vs 9.3 percent in Q2 2019) and rural areas (7.4 percent vs 6.1 percent).
Unemployment Rate in Egypt averaged 10.66 percent from 1993 until 2020, 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. This page provides - Egypt Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: CAPMAS, Egypt
Unemployment Rate in Egypt is expected to be 9.30 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 8.30 in 12 months time. In the long-term, the Egypt Unemployment Rate is projected to trend around 8.60 percent in 2021 and 8.30 percent in 2022, according to our econometric models.