{"id":555522,"date":"2021-11-17T04:00:31","date_gmt":"2021-11-17T04:00:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/unemployment-rate-rises-to-7-5-in-3q2021\/"},"modified":"2021-11-17T04:00:31","modified_gmt":"2021-11-17T04:00:31","slug":"unemployment-rate-rises-to-7-5-in-3q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/unemployment-rate-rises-to-7-5-in-3q2021\/","title":{"rendered":"Unemployment rate rises to 7.5% in 3Q2021"},"content":{"rendered":"

<\/a> Egypt\u2019s unemployment rate rose to 7.5% in 3Q2021<\/strong>, up 0.2 percentage points from the April-June quarter, according to official figures (pdf)<\/a> released by Capmas yesterday.<\/p>\n

The reason? The job market doesn\u2019t seem to be absorbing fresh grads:<\/strong> The state statistics bureau chalked up the increase to the entry of fresh graduates into the job market in August and September. This added another 265k people<\/sup> to the labor force during the quarter, leading to the rise in unemployment, it said.<\/p>\n

The jobless rate has remained fairly steady over the past year<\/strong> since spiking to a near-two-year high<\/a> in 2Q2020 due to the effects of the pandemic and the government\u2019s lockdown measures on the economy. Since falling back to pre-pandemic levels of 7.3%<\/a> in the following quarter, unemployment has remained virtually unchanged, with mild fluctuations quarter-to-quarter.<\/p>\n

Youth unemployment was higher than any other age group<\/strong>, with 15-29 year-olds accounting for almost 60% of all jobless people. The unemployment rate among women ticked up 0.3 percentage points to 15.3% while the rate for men was virtually unchanged at 5.8% from 5.7% in 2Q.<\/p>\n

But the private sector is still creating jobs:<\/strong> Recent PMIs<\/a> have seen private sector firms report an uptick in job creation over the past four months, fuelled by better market conditions and improving business confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 into the job market […]<\/p>\n","protected":false},"author":1,"featured_media":555523,"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-555522","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":"cee8e34b-3a2e-47cb-b007-bf90ced58d91","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/489.jpg","photo_position":"above","related_issue":[555516],"teaser":"","voice_url":""},"yoast_head":"\nUnemployment rate rises to 7.5% in 3Q2021 - 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\/2021\/11\/17\/unemployment-rate-rises-to-7-5-in-3q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment rate rises to 7.5% in 3Q2021\" \/>\n<meta property=\"og:description\" content=\"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. 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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\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\/2\/216.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571556,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/unemployment-rises-to-9-2-in-april-as-coronavirus-lockdown-bites\/","url_meta":{"origin":555522,"position":1},"title":"Unemployment rises to 9.2% in April as coronavirus lockdown bites","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"Unemployment rises to 9.2% in April as coronavirus lockdown bites: Egypt\u2019s unemployment rate rose to 9.2% in April from 7.5% in the second quarter of 2019 as the government\u2019s precautionary measures to limit the spread of the novel coronavirus hit the economy, Reuters reports, citing Capmas figures. Data released by\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558533,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/","url_meta":{"origin":555522,"position":2},"title":"Unemployment flat quarter-on-quarter in 2Q2021","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"Egypt\u2019s unemployment rate was largely flat in 2Q2021 at 7.3%, improving just 0.1 percentage points from the preceding quarter, according to official figures (pdf) released yesterday by state statistics agency Capmas.That\u2019s still a huge improvement from 2Q2020, during which the jobless count rose to a two-year high due to the\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\/8\/170.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548633,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/unemployment-rates-holds-steady-in-2q-2022\/","url_meta":{"origin":555522,"position":3},"title":"Unemployment rates holds steady in 2Q 2022","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"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\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\/8\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560113,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/unemployment-rate-holding-just-about-steady\/","url_meta":{"origin":555522,"position":4},"title":"Unemployment rate holding (just about) steady","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"Unemployment in Egypt was virtually unchanged in 4Q2020, dipping only marginally to 7.2% from 7.3% in 3Q2020 and 8% in 4Q2019, according to figures released yesterday by state statistics agency Capmas. Although the drop was small, this is the second consecutive quarter during which the official unemployment rate eased after\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586996,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/21\/unemployment-steady-in-1q-2023\/","url_meta":{"origin":555522,"position":5},"title":"Unemployment steady in 1Q 2023","author":"enterpriseam admin","date":"21 May 2023","format":false,"excerpt":"More people are in work or looking for work than last quarter","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\/2023\/5\/1093.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555522"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555522\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555523"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555522"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555522"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}