The unemployment rate in Morocco decreased to 10.0 percent in the third quarter of 2018 from 10.6 percent in the same period a year earlier. The number of unemployed went down by 64 thousand to 1.172 million while employed rose by 122 thousand to 10.525 million. Among sectors, jobs were added in services (+98,000); industry including handicrafts (+19,000) and agriculture, forestry and fisheries (+9,000) while construction lost jobs (-4,000). By genders, the jobless rate was lower for men (8.9 percent from 9.2 percent in Q3 2017) than for women (13.8 percent from 15.1 percent). Also, the unemployment rate remains relatively high among youth aged 15-24 (27.5 percent from 29.3 percent) and college graduates (17.1 percent from 18.2 percent). Unemployment Rate in Morocco averaged 10.46 percent from 1999 until 2018, reaching an all time high of 15.10 percent in the third quarter of 1999 and a record low of 7.80 percent in the second quarter of 2006.
Unemployment Rate in Morocco is expected to be 9.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Morocco to stand at 10.10 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 9.00 percent in 2020, according to our econometric models.