This statistic shows the unemployment rate in Egypt from 1999 to 2020. In 2020, the unemployment rate in Egypt was at approximately 10.45 percent….Egypt: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2019 | 9.73% |
| 2018 | 9.82% |
| 2017 | 11.74% |
| 2016 | 12.41% |
Why is the unemployment rate a problem?
In today’s labor market, the unemployment rate drastically understates the weakness of job opportunities. This is due to the existence of a large pool of “missing workers”–potential workers who, because of weak job opportunities, are neither employed nor actively seeking a job.
What is the current unemployment rate in Egypt?
Planning and International Cooperation Minister Ashraf al-Araby was quoted as saying that Egypt plans to reduce its unemployment rate to 9.5 percent by 2017 and 6 percent by 2022. Gouda, however, dismisses this as mere talk.
Why are so many people unemployed in the world?
There are lot of reasons for unemployment but one of the major reason is overpopulation. The population is increasing day by day but job opportunity can’t be created same proportion so a huge percentage of people remain unemployed. Unemployment always hits individual to hardest. Self respect, sense as well as income always decrease for this reason.
How big is the labor force in Egypt?
The labour force fell by 681 thousands to 29,284 million. The labor force in urban areas reached 13,034 million, with 16,250 million living in rural areas. source: CAPMAS, Egypt
What is the definition of unemployment in economics?
Definition of unemployment is a situation where someone is not able to find work or job but would like to get full time job. Unemployment sometimes called body of economy. It is easily possible to measure rate of unemployment which is number of unemployed person over number of people in labor force.
