{"id":548633,"date":"2022-08-16T04:00:56","date_gmt":"2022-08-16T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/unemployment-rates-holds-steady-in-2q-2022\/"},"modified":"2022-08-16T04:00:56","modified_gmt":"2022-08-16T04:00:56","slug":"unemployment-rates-holds-steady-in-2q-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/unemployment-rates-holds-steady-in-2q-2022\/","title":{"rendered":"Unemployment rates holds steady in 2Q 2022"},"content":{"rendered":"

<\/a> Egypt\u2019s unemployment rate remained flat at 7.2% in 2Q 2022 from <\/strong>last quarter<\/a><\/strong>, according to data (pdf)<\/a> from statistics agency Capmas out yesterday. The jobless rate is down by 0.1 percentage point in comparison with the corresponding quarter<\/a> last year.<\/p>\n

The jobless rate has been more or less steady since the <\/strong>summer of 2020<\/a><\/strong>, after retreating from a two-year high<\/a>in 2Q 2020 caused by the partial lockdown of the economy during covid.<\/p>\n

REMEMBER- The official unemployment rate only includes people who are looking for work. <\/strong>The labor force participation rate \u2014 which counts everyone aged 15-64 either in work or actively looking for work \u2014 recorded 42.6%, down 0.2 percentage points on last quarter. The figure is up from 41.9% in the same quarter of 2021.<\/p>\n

Slightly fewer young people out of work: <\/strong>The number of jobless 15-29 year-olds accounted for 61.3% of all jobless people, down from 63.0% in 1Q \u2014 marking the second consecutive quarter of decline in youth unemployment recently peaking<\/a> at 64.3% in 4Q 2021.<\/p>\n

The jobless rate among women was down 0.2 percentage points q-o-q to 17.5%<\/strong>, while the rate among men rose 0.1 percentage point to 5.0%. The unemployment rate is consistently recorded as much higher among women than men.<\/p>\n

The figures come on the back of a somewhat positive <\/strong>PMI reading<\/a><\/strong> on employment for the non-oil private sector.<\/strong> Employment rates remained steady in July, breaking an eight-month streak of job losses, according to S&P Global\u2019s survey of non-oil business conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s unemployment rate remained flat at 7.2% in 2Q 2022 from last quarter, according to data (pdf) from statistics agency Capmas out yesterday. The jobless rate is down by 0.1 percentage point in comparison with the corresponding quarter last year. The jobless rate has been more or less steady since the summer of 2020, after […]<\/p>\n","protected":false},"author":1,"featured_media":548634,"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":[330,104,928,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-capmas","tag-economy","tag-employment","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"7975860e-e03c-4f0c-833a-8e0733261d2b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/266.jpg","photo_position":"above","related_issue":[548623],"teaser":"","voice_url":""},"yoast_head":"\nUnemployment rates holds steady in 2Q 2022 - 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\/08\/16\/unemployment-rates-holds-steady-in-2q-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment rates holds steady in 2Q 2022\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s unemployment rate remained flat at 7.2% in 2Q 2022 from last quarter, according to data (pdf) from statistics agency Capmas out yesterday. 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The jobless rate is down 0.1 percentage points in comparison with the same quarter last year.REMEMBER- The official unemployment rate only includes people\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/257.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555522,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/unemployment-rate-rises-to-7-5-in-3q2021\/","url_meta":{"origin":548633,"position":3},"title":"Unemployment rate rises to 7.5% in 3Q2021","author":"enterpriseam admin","date":"17 November 2021","format":false,"excerpt":"Egypt\u2019s unemployment rate rose to 7.5% in 3Q2021, up 0.2 percentage points from the April-June quarter, according to official figures (pdf) released by Capmas yesterday.The reason? The job market doesn\u2019t seem to be absorbing fresh grads: The state statistics bureau chalked up the increase to the entry of fresh graduates\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/489.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655303,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/unemployment-inches-up-during-3q-2024\/","url_meta":{"origin":548633,"position":4},"title":"Unemployment inches up during 3Q 2024","author":"enterpriseam admin","date":"17 November 2024","format":false,"excerpt":"Unemployment was down 0.4 percentage points from the same period last year","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1501.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546416,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/unemployment-dips-to-7-2-1q-2022\/","url_meta":{"origin":548633,"position":5},"title":"Unemployment dips to 7.2% 1Q 2022","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"Egypt\u2019s unemployment rate dipped to 7.2% in 1Q 2022 from 7.4% the previous quarter, according to the latest data by state statistics agency Capmas (pdf). 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