Cairo – Mubasher: Egypt's unemployment rate fell in the second quarter of 2016 to 12.5% compared with 12.7% for the same period of the previous year, according to figures released on Sunday by the Central Agency for Public Mobilization and Statistics (CAPMAS).
The number of unemployed reached 3.6 million, representing 12.5% of the total employment.
The Egyptian government aims at reducing the unemployment rate to 10-11% by the end of fiscal year 2017/18 in accordance with its programme.
Egyptian President, Abdel Fattah Al-Sisi, earlier announced plans to implement seven new national projects for providing more job opportunities.
Unemployment rate of 15-29-year-olds reached 79.8% of the total labour force in the same age group.
Male unemployment rate came to 8.5%, while female unemployment rate reached 25.6%.
The size of labour force came to 28.5 million individuals, rising 0.3% or 92,000 individuals quarter-on-quarter and 2.7% year-on-year.
