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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt's Unemployment Rate Drops

A view of houses and farmland on an island on the River Nile in front of high-rise buildings in Cairo, Egypt, November 25, 2018. REUTERS/Amr Abdallah Dalsh

Egypt’s unemployment rate fell in the first quarter of 2019, a state statistics agency said.

Cairo's unemployment rate dropped to 8.1% in Q1 2019 from 10.6% in same period of 2018, according to CAPMAS.

The number of unemployed stood at 2.267 million out of a total workforce of 27.968 million, the agency said, Reuters reported.

Unemployment was 8.9% in the fourth quarter of 2018 and 9.9% over the full year in 2018, according to the government.

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