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Unemployment in Egypt fell to 11.3% in the fourth quarter
The country's unemployment rate fell to 11.3 percent in the fourth quarter of 2017 from 12.4 percent a year ago, the country's Central Agency for Public Mobilization and Statistics said on Thursday.
The statistics agency said in a statement read by "Economy News" that the number of unemployed people amounted to 3.309 million, down 282 thousand from the corresponding quarter of 2016 and a decline of 204 thousand from the third quarter of 2017.
The data showed that the volume of work force amounted to 29.272 million, up 202 thousand For the corresponding quarter of 2016.
Egypt is working on many large national projects, labor-intensive, such as the new administrative capital, Suez Canal tunnels and new roads.
The statistics agency said in a statement read by "Economy News" that the number of unemployed people amounted to 3.309 million, down 282 thousand from the corresponding quarter of 2016 and a decline of 204 thousand from the third quarter of 2017.
The data showed that the volume of work force amounted to 29.272 million, up 202 thousand For the corresponding quarter of 2016.
Egypt is working on many large national projects, labor-intensive, such as the new administrative capital, Suez Canal tunnels and new roads.
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