{"id":560113,"date":"2021-02-16T03:34:01","date_gmt":"2021-02-16T03:34:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/unemployment-rate-holding-just-about-steady\/"},"modified":"2021-02-16T03:34:01","modified_gmt":"2021-02-16T03:34:01","slug":"unemployment-rate-holding-just-about-steady","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/unemployment-rate-holding-just-about-steady\/","title":{"rendered":"Unemployment rate holding (just about) steady"},"content":{"rendered":"

<\/a> Unemployment in Egypt was virtually unchanged in 4Q2020<\/strong>, dipping only marginally to 7.2% from 7.3% in 3Q2020<\/a> and 8% in 4Q2019<\/a>, according to figures<\/a> 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 covid-19 caused the jobless count to spike in 2Q2020.<\/p>\n

But, but, but:<\/strong> The labor force participation rate \u2014 which looks at those between the ages of 15 and 64 \u2014 stood at 43.5% in 4Q2020. This is an improvement both on a quarterly and annual basis. The participation rate was 41.1% in 3Q2020, and 43.1% in 4Q2019.<\/p>\n

Not a bright spot:<\/strong> Women\u2019s participation in the labor force is still stubbornly low at 16.1%, which is just 0.3 percentage points lower than during the comparable period in 2019, and is well above the 13.4% seen in 3Q2020.<\/p>\n

Unemployment hit a near-two-year high in the second quarter last year:<\/strong> The partial lockdown of the economy and the closure of the country\u2019s airspace to passenger flights pushed the unemployment rate up to 9.6%<\/a>. Official jobless numbers have since fallen as the government eased restrictions on economic activity.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 covid-19 caused the jobless count […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[330,104,928,72,185],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560113","post","type-post","status-publish","format-standard","hentry","category-economy","tag-capmas","tag-economy","tag-employment","tag-enterpriseam","tag-pmi","wpautop","entry"],"acf":{"mongo_id":"86144d44-d819-4071-87e3-c5bbead8084a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560108],"teaser":"","voice_url":""},"yoast_head":"\nUnemployment rate holding (just about) steady - 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\/02\/16\/unemployment-rate-holding-just-about-steady\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment rate holding (just about) steady\" \/>\n<meta property=\"og:description\" content=\"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. 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