{"id":660656,"date":"2025-02-16T00:00:00","date_gmt":"2025-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/egypts-unemployment-falls-during-4q-2024-to-6-4\/"},"modified":"2025-02-16T00:00:00","modified_gmt":"2025-02-16T00:00:00","slug":"egypts-unemployment-falls-during-4q-2024-to-6-4","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/egypts-unemployment-falls-during-4q-2024-to-6-4\/","title":{"rendered":"Egypt\u2019s unemployment falls during 4Q 2024 to 6.4%"},"content":{"rendered":"

Unemployment dips in 4Q 2024: <\/strong>Egypt\u2019s unemployment rate fell to 6.4% in 4Q 2024, down 0.3 percentage points from the previous quarter<\/a>, according to data from state statistics agency Capmas. Unemployment was down 0.5 percentage points from the same period in 2023<\/a>. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Labor force growth fueled the decline: <\/strong>The labor force expanded to 33.1 mn in 4Q 2024, marking a 2.8% increase from the previous quarter \u2014 an additional 935k individuals secured jobs while the number of those unemployed decreased by 29k.<\/p>\n

Unemployment among women sees a drop: <\/strong>The jobless rate for women fell 1.6 percentage points from the previous quarter to 16.6% in 4Q 2024. Male unemployment also saw a slight decrease, dropping to 3.9% from 4.2% in the previous quarter.<\/p>\n

Unemployment among young people fell:<\/strong> Those aged 15-29 accounted for 64.6% of total unemployed individuals, down from 65.7% in 3Q 2024. Capmas doesn\u2019t provide an official rate of youth unemployment.<\/p>\n

Wage employment dominates the job market:<\/strong> Salaried workers made up 71% of the total amount of those employed, 20.6% are self-employed, 4.1% are business owners, and some 4.3% worked in family businesses without pay.<\/p>\n

Agriculture prevailed as the top employer: <\/strong>The agriculture and fishing sector employed 18.5% of those employed, the wholesale and retail sector came in second (16%), manufacturing followed with 13.3%, and construction with 12.9%. <\/p>\n

REMEMBER-<\/strong> The unemployment rate excludes working-age individuals who are not actively seeking jobs or 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 45.5% in 4Q 2024 compared to 44.4% in the previous quarter and 43.1% in 4Q 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

Unemployment was down 0.5 percentage points from the same period in 2023<\/p>\n","protected":false},"author":1,"featured_media":660657,"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-660656","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":"cecc879c-2b23-4c90-abb3-6f54f07a5faf","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2230.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s unemployment falls during 4Q 2024 to 6.4%","related_issue":[660643],"teaser":"Unemployment was down 0.5 percentage points from the same period in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.10c4fc07-63b8-43e2-b1d2-1831d802ef09.mp3"},"yoast_head":"\nEgypt\u2019s unemployment falls during 4Q 2024 to 6.4% - 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\/2025\/02\/16\/egypts-unemployment-falls-during-4q-2024-to-6-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s unemployment falls during 4Q 2024 to 6.4%\" \/>\n<meta property=\"og:description\" content=\"Unemployment was down 0.5 percentage points from the same period in 2023\" \/>\n<meta property=\"og:url\" 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