{"id":655303,"date":"2024-11-17T00:00:00","date_gmt":"2024-11-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/unemployment-inches-up-during-3q-2024\/"},"modified":"2024-11-17T00:00:00","modified_gmt":"2024-11-17T00:00:00","slug":"unemployment-inches-up-during-3q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/unemployment-inches-up-during-3q-2024\/","title":{"rendered":"Unemployment inches up during 3Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Unemployment inches up in 3Q:<\/strong> Egypt\u2019s unemployment rate rose to 6.7% of the total workforce in the third quarter of 2024, up 0.2 percentage points from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9ea7948-fb53-4497-9c41-409c7fa29e5e\/%253cmark%253eunemployment%253c%2Fmark%253e-falls-for-third-consecutive-quarter-to-6.5%2525\" style=\"\" rel=\"noopener\">previous quarter<\/a>, according to data released by state statistics agency Capmas. Unemployment was down 0.4 percentage points from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01f25113-192b-4058-8457-f8f6309a1b83\/%253cmark%253eunemployment%253c%2Fmark%253e-inches-up-to-7.1%2525-in-the-third-quarter-of-2023\" style=\"\" rel=\"noopener\">same period last year<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Labor force expansion drove the increase:<\/strong> Egypt\u2019s labor force reached 32.2 mn in 3Q 2024, up 2.5% from 2Q, with an additional 694k employed workers and an additional 101k unemployed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unemployment among women continues to climb:<\/strong> The jobless rate for women rose by 0.9 percentage points q-o-q to 18.2% in 3Q 2024 and increased by a full percentage point from the previous year. For males, the unemployment rate was unchanged from the previous quarter at 4.2%, and down 0.6 percentage points y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More young people out of work:<\/strong> The rate of unemployment among 15-29 year-olds accounted for 65.7% of all jobless people in 3Q 2024, up from 64.2% during the previous quarter. Capmas doesn\u2019t provide an official rate of youth unemployment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The headline rate doesn\u2019t tell the whole story: <\/strong>The unemployment rate doesn\u2019t count people of working age who are not looking for work or who are unable to work. The labor force participation rate \u2014 which counts everyone aged 15-64 either in work or actively looking for work \u2014 came in at 44.4%, up from 43.4% during the previous quarter and down from 44.6% in 3Q 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unemployment was down 0.4 percentage points from the same period last year<\/p>\n","protected":false},"author":1,"featured_media":655304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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-655303","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":"96ca0d4e-dad6-433e-a33e-19ce066967f6","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1501.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s unemployment inches up during 3Q 2024 to 6.7%","related_issue":[655290],"teaser":"Unemployment was down 0.4 percentage points from the same period last year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.8a15dd15-83f0-4d00-8459-02a81997bbba.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Unemployment inches up during 3Q 2024 - 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\/2024\/11\/17\/unemployment-inches-up-during-3q-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unemployment inches up during 3Q 2024\" \/>\n<meta property=\"og:description\" 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The jobless rate is down 0.1 percentage points in comparison with the same quarter last year.REMEMBER- The official unemployment rate only includes people\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/257.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660656,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/egypts-unemployment-falls-during-4q-2024-to-6-4\/","url_meta":{"origin":655303,"position":4},"title":"Egypt\u2019s unemployment falls during 4Q 2024 to 6.4%","author":"enterpriseam admin","date":"16 February 2025","format":false,"excerpt":"Unemployment was down 0.5 percentage points from the same period in 2023","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2230.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639931,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/unemployment-falls-for-third-consecutive-quarter-to-6-5\/","url_meta":{"origin":655303,"position":5},"title":"Unemployment falls for third consecutive quarter to 6.5%","author":"enterpriseam admin","date":"18 August 2024","format":false,"excerpt":"Female unemployment rose during the quarter, while male unemployment fell","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1476.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\/655303","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=655303"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/655303\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/655290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/655304"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=655303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=655303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=655303"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=655303"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=655303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}