{"id":543741,"date":"2022-02-16T03:58:21","date_gmt":"2022-02-16T03:58:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/unemployment-falls-slightly-to-7-4\/"},"modified":"2022-02-16T03:58:21","modified_gmt":"2022-02-16T03:58:21","slug":"unemployment-falls-slightly-to-7-4","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/unemployment-falls-slightly-to-7-4\/","title":{"rendered":"Unemployment falls slightly to 7.4%"},"content":{"rendered":"

<\/a> Unemployment falls slightly in 4Q2021: <\/strong>Egypt's unemployment declined fractionally to 7.4% in 4Q2021 from 7.5%<\/a> the previous quarter, according to the latest data from statistics agencyCAPMAS (pdf)<\/a>. The rate is now up slightly from 7.2%<\/a> in 4Q2020.<\/p>\n

The jobless rate has remained more or less flat over the past year<\/strong>, with only mild fluctuations since spiking to a near-two-year high<\/a> of 9.6% in 2Q2020 on the back of the lockdown and economic disruption that accompanied the pandemic.<\/p>\n

This only includes people who are looking for work, though:<\/strong> The labor force participation rate \u2014 which counts everyone aged 15-64 either in work or actively looking for work \u2014 remained low in 4Q, edging up 0.1 percentage points to 43.8% from the previous quarter.<\/p>\n

Youth unemployment increased:<\/strong> The number of 15-29 year-olds out of work accounted for 64.3% of all jobless people, up from last quarter\u2019s 58.4%.<\/p>\n

And unemployment among women remains a dark spot<\/strong>, rising to 17.8% from 15.3% in 3Q2021. In contrast, unemployment among men fell to 5.2% from 5.9% last quarter.<\/p>\n

Job creation has slowed in the private sector<\/strong>: Employment has been falling in the private sector for three consecutive months, according to the latest PMI<\/a>, with lower demand bringing stable backlogs and reduced workloads.<\/p>\n

IN OTHER ECONOMY NEWS- State-owned enterprises will raise the <\/strong>minimum wage to EGP 2.7k<\/strong> for their workers as of 1 July, <\/strong>in line with the incoming wage hike<\/a> for public sector workers, the cabinet announced in a statement.<\/a> This is the first time that the public sector minimum wage has been applied to public enterprises, the statement read.<\/p>\n","protected":false},"excerpt":{"rendered":"

Unemployment falls slightly in 4Q2021: Egypt's unemployment declined fractionally to 7.4% in 4Q2021 from 7.5% the previous quarter, according to the latest data from statistics agencyCAPMAS (pdf). The rate is now up slightly from 7.2% in 4Q2020. The jobless rate has remained more or less flat over the past year, with only mild fluctuations since […]<\/p>\n","protected":false},"author":1,"featured_media":543742,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[104,928,72,375,235],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-employment","tag-enterpriseam","tag-gender","tag-labor","wpautop","entry"],"acf":{"mongo_id":"15ca039b-985a-4ced-840e-eb179ca167b2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/216.jpg","photo_position":"above","related_issue":[543735],"teaser":"","voice_url":""},"yoast_head":"\nUnemployment falls slightly to 7.4% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/unemployment-falls-slightly-to-7-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment falls slightly to 7.4%\" \/>\n<meta property=\"og:description\" content=\"Unemployment falls slightly in 4Q2021: Egypt's unemployment declined fractionally to 7.4% in 4Q2021 from 7.5% the previous quarter, according to the latest data from statistics agencyCAPMAS (pdf). 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