Egypt's unemployment rate falls to 8.1% in Q1 2019: CAPMAS

state statistics agency CAPMAS Wed, May. 15, 2019
CAIRO - 15 May 2019: Egypt’s unemployment rate fell to 8.1% in the first quarter of 2019 from 10.6% in same period the previous year, state statistics agency CAPMAS stated on Wednesday.

CAPMAS said that the number of unemployed stood at 2.267 million out of a total workforce of 27.968 million.

Unemployment has been steadily going down in recent months, which some government officials attributing the drop to mega national development projects the country is implementing.

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