{"id":603948,"date":"2023-08-23T00:00:00","date_gmt":"2023-08-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/unemployment-dips-to-7-2q-2023\/"},"modified":"2023-08-23T00:00:00","modified_gmt":"2023-08-23T00:00:00","slug":"unemployment-dips-to-7-2q-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/unemployment-dips-to-7-2q-2023\/","title":{"rendered":"Unemployment dips to 7% 2Q 2023"},"content":{"rendered":"

Unemployment inched down to 7.0% in 2Q 2023<\/strong>, down 0.1 percentage points from the first quarter<\/a> of the year, according to data<\/a> (pdf)<\/a> released by statistics agency Capmas yesterday. Unemployment was down 0.2 percentage points compared with the same period last year<\/a>.<\/p>\n

REMEMBER- By definition, the official unemployment rate only includes people who are looking for <\/strong> work. <\/strong>The labor force participation rate \u2014 which counts everyone aged 15-64 either in work or actively looking for work \u2014 recorded 43.0%, unchanged from last quarter and up from 42.6% in the same quarter of 2022.<\/p>\n

Unemployment among women dipped significantly: <\/strong> The jobless rate among women dropped 1.9 percentage points q-o-q to 17.3%, while unemployment among men inched up 0.3 percentage points to 4.8%. Unemployment among women is consistently much higher than men.<\/p>\n

And slightly fewer young people are out of work: <\/strong> The rate of unemployment among 15-29 year-olds accounted for 61.8% of all jobless people in 2Q 2023, compared to 63% the previous quarter. Capmas doesn\u2019t provide an official rate of youth unemployment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fewer women were out of work compared with the first quarter<\/p>\n","protected":false},"author":1,"featured_media":603949,"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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-employment","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"7a8ee518-0a12-4628-b493-3b1a441ad65f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/1033.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s unemployment dips to 7% 2Q 2023","related_issue":[603934],"teaser":"Fewer women were out of work compared with the first quarter","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.f05c92d1-7e7b-4260-8d10-71194bb8948b.mp3"},"yoast_head":"\nUnemployment dips to 7% 2Q 2023 - 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