{"id":610198,"date":"2023-11-16T00:00:00","date_gmt":"2023-11-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/16\/unemployment-inches-up-to-7-1-in-the-third-quarter-of-2023\/"},"modified":"2023-11-16T00:00:00","modified_gmt":"2023-11-16T00:00:00","slug":"unemployment-inches-up-to-7-1-in-the-third-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/16\/unemployment-inches-up-to-7-1-in-the-third-quarter-of-2023\/","title":{"rendered":"Unemployment inches up to 7.1% in the third quarter of 2023"},"content":{"rendered":"

Egypt\u2019s unemployment rate inched up to 7.1% in 3Q2023<\/strong>, a 0.1 percentage point increase from the previous quarter, according to data released yesterday by state statistics agency Capmas. Unemployment was down 0.3 percentage points compared with the same period last year<\/a>. <\/p>\n

Unemployment rates among both men and women held steady:<\/strong> The male unemployment rate was unchanged from the previous quarter 4.8% in 3Q2023, but was down from 5.2% in the third quarter of the previous year. Unemployment among women dipped to 17.2% (-0.1 percentage points from the last quarter) and down from 19.1% in the same period last year. <\/p>\n

More young people are out of work<\/strong>: Folks aged 15-29 accounted for 64.3% of all jobless people in 3Q 2023, compared to 61.8% the previous quarter. Capmas doesn\u2019t provide an official rate of youth unemployment.<\/p>\n

REMEMBER- By definition, the official unemployment rate only includes people who are<\/strong> 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 came in at 44.6%, up from 43.0% in the last quarter and up from 42.7% in the third quarter of 2022.<\/strong><\/p>\n

DATA POINT: <\/strong>Egypt\u2019s labor force now stands at 32 mn, up 3.2% on the previous quarter. Men make up 82% of the workforce and women make up 18%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Unemployment 15-29 year-olds accounted for 64.3% of all jobless people in 3Q 2023<\/p>\n","protected":false},"author":1,"featured_media":610199,"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-610198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-employment","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"01f25113-192b-4058-8457-f8f6309a1b83","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/893.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s unemployment inches up to 7.1% in the third quarter of 2023","related_issue":[610191],"teaser":"Unemployment 15-29 year-olds accounted for 64.3% of all jobless people in 3Q 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.8dcb830c-4946-4358-be9d-dc6a5f78e585.mp3"},"yoast_head":"\nUnemployment inches up to 7.1% in the third quarter of 2023 - 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\/2023\/11\/16\/unemployment-inches-up-to-7-1-in-the-third-quarter-of-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment inches up to 7.1% in the third quarter of 2023\" \/>\n<meta property=\"og:description\" content=\"Unemployment 15-29 year-olds accounted for 64.3% of all jobless people in 3Q 2023\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/16\/unemployment-inches-up-to-7-1-in-the-third-quarter-of-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/893.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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