The unemployment rate in Egypt rose to 7.5% during Q3-2021, up from 7.3% in Q2-2021 & 7.4% in Q1-2021, according to CAPMAS.
More details For reference, the last pre-pandemic unemployment rate stood at 7.7% in Q1-2020, before surging to 9.6% in Q2-2020 when the pandemic struck.
According to CAPMAS, the 7.5% unemployment rate translates to 2.211 million unemployed people, from a total reported 29.3 million individuals in the labor force.
Why is this important The 0.2% increase from Q2-2021 to Q3-2021 represents an increase of 96,000 unemployed individuals, which CAPMAS associated mainly with the influx of new graduates during August & September into the labor market.
