Trending
- Fintechs should develop products that address the exact needs of their customers
- New report exposes alarming rise in remote desktop protocol fraud by cybercriminals
- Kenya’s remittance inflows grow boosting forex reserves
- Africa’s agritech potential crucial for economic growth
- EAC set for fastest economic growth as Sub-Saharan Africa recovers in 2024
- DRC Joins Organisation of Southern Cooperation to Boost Bilateral Ties With Member States
- The takedown of Chinese-backed cybercrime ring in Zambia
- New threat in 2024: Red Sea shipping disruptions by Houthi rebels ripple through global trade
Browsing: Job loss due to COVID-19
Egypt’s unemployment rate rose slightly to 9.6 per cent during the second quarter (Q2) of 2020 according to the Central Agency for Public Mobilization and Statistics (CAPMAS) report.
The latest figures from the report show a slight increase of 1.9 per cent compared to the 7.7 per cent reported in Q1 of 2020 and an increase of 2.1 per cent from Q2 of 2019.
According to CAPMAS, the number of unemployed reached 2,574 million, which is 9.6 per cent of the total workforce, of which 1,934 million were male and 640,000 were female. his compared to the 2,236 million unemployed in Q1 of 2020, reflecting a 15.1 per cent increase to 338,000.
According to CAPMAS, the rise in Egypt’s unemployment rate is due to the repercussions of COVID-19 pandemic.
As a precautionary measure, the government of Egypt put in measures that saw the international air traffic suspended, closure of schools, …