{"id":558533,"date":"2021-08-16T04:02:01","date_gmt":"2021-08-16T04:02:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/"},"modified":"2021-08-16T04:02:01","modified_gmt":"2021-08-16T04:02:01","slug":"unemployment-flat-quarter-on-quarter-in-2q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/","title":{"rendered":"Unemployment flat quarter-on-quarter in 2Q2021"},"content":{"rendered":"

<\/a> Egyp<\/strong>t\u2019s unemployment rate was largely flat in 2Q2021 at 7.3%<\/strong>, improving just 0.1 percentage points from the preceding quarter, according to official figures (pdf)<\/a> released yesterday by state statistics agency Capmas.<\/p>\n

That\u2019s still a huge improvement from 2Q2020<\/strong>, during which the jobless count rose to a two-year high due to the covid-19 pandemic. The unemployment rate hit 9.6% between April and June last year<\/a> as the partial lockdown of the economy took its toll on the job market.<\/p>\n

Egypt had fewer unemployed in 2Q2021 \u2014 and fewer people in the workforce. <\/strong>The labor force participation rate \u2014 which looks at those between the ages of 15 and 64 \u2014 fell to 41.9% from 42.2% in 1Q2021. The size of the workforce fell to 29.1 mn, down from almost 29.3 mn in the previous quarter. Capmas suggests the declines were the result of covid-19<\/strong>, likely meaning factors at play here include government support to people who lost their jobs during covid, measures in place to curb covid-19, and subdued economic growth thanks to the pandemic.<\/p>\n

The unemployment rate among women <\/strong>\u2014 which is consistently recorded as much higher than that among men <\/strong>\u2014 came in at its lowest in over a year at 15%<\/strong>, down 0.9 percentage points q-o-q and 1.2 percentage points y-o-y. As we noted<\/a>at the height of the pandemic, that could mean that many working moms left the workforce to stay home and look after kids. Unemployment among men stood at 5.7% in the second quarter, up from 5.6% in the first quarter, its highest since 3Q2020 \u2014 though still well below its 2Q2020 peak of 8.5%. Youth unemployment came in at 68.4%, up more than 8 percentage points from 60% in April-June last year.<\/p>\n

The figures come on the back of the most positive PMI reading for employment since 2019:<\/strong> Employment in Egypt\u2019s non-oil private sector rose<\/a>for the first time since late 2019 in July, according to last month\u2019s purchasing managers\u2019 index<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 covid-19 pandemic. The unemployment […]<\/p>\n","protected":false},"author":1,"featured_media":558534,"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":[330,104,928,72,235],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-capmas","tag-economy","tag-employment","tag-enterpriseam","tag-labor","wpautop","entry"],"acf":{"mongo_id":"dbe5793d-845b-4c06-9147-dd5f4354509f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/170.jpg","photo_position":"above","related_issue":[558529],"teaser":"","voice_url":""},"yoast_head":"\nUnemployment flat quarter-on-quarter in 2Q2021 - 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\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment flat quarter-on-quarter in 2Q2021\" \/>\n<meta property=\"og:description\" content=\"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 covid-19 pandemic. The unemployment […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-16T04:02:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/170.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Unemployment flat quarter-on-quarter in 2Q2021\",\"datePublished\":\"2021-08-16T04:02:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/\"},\"wordCount\":309,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/170.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CAPMAS\",\"economy\",\"employment\",\"EnterpriseAM\",\"labor\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/\",\"name\":\"Unemployment flat quarter-on-quarter in 2Q2021 - 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Unemployment was also down 0.2 percentage points compared with the same period last year.The jobless rate has remained more or less flat since the summer\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\/5\/188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598170,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/egypts-unemployment-rate-falls-to-8-1-in-1q2019\/","url_meta":{"origin":558533,"position":1},"title":"Egypt\u2019s unemployment rate falls to 8.1% in 1Q2019","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"GOOD NEWS- Unemployment falls for the second quarter in a row: Egypt\u2019s unemployment rate fell to 8.1% in 1Q2019, down from 8.9% in 4Q2018and 10.6% in 1Q2018, the Central Agency for Public Mobilization and Statistics (CAPMAS) said yesterday. This is the second consecutive quarter the country\u2019s unemployment rate has fallen,\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":556773,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/were-in-the-big-quit-era-blame-the-economy\/","url_meta":{"origin":558533,"position":2},"title":"We\u2019re in the Big Quit era. Blame the economy.","author":"enterpriseam admin","date":"17 October 2021","format":false,"excerpt":"We\u2019re in the age of the BigQuit \u2014 and everyone is embracing it. A record number of people are quitting their jobs. In the US, this number reached the highest since the turn of the millennium. Why? The obvious reasons \u2014 the ones everyone (including us) have been whining about\u2026","rel":"","context":"In "CAREERS"","block_context":{"text":"CAREERS","link":"https:\/\/enterpriseam.com\/egypt\/category\/careers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/423.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":558533,"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":543741,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/unemployment-falls-slightly-to-7-4\/","url_meta":{"origin":558533,"position":4},"title":"Unemployment falls slightly to 7.4%","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"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\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":581602,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/unemployment-dips-in-4q-2022\/","url_meta":{"origin":558533,"position":5},"title":"Unemployment dips in 4Q 2022","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"down 0.2 percentage points from the July-September 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\/2021\/6\/1600-Factory-workers-strike.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\/558533","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=558533"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558533\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/558534"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558533"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558533"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}