Egypt’s Unemployment Rate Plummets to 7.2%

Avatar

Good news from Egypt! The unemployment rate took a dip in the last quarter of 2022, reaching a low of 7.2 percent. It’s a welcome improvement from the 7.4 percent recorded at the end of 2021.

According to Maait, despite the ongoing global economic crisis, Egypt has experienced consistent growth in its economy over the past years. This positive trend has directly contributed to the decline in unemployment rates. In other words, the country’s progress has resulted in more real job opportunities for those seeking employment.

Creating meaningful employment opportunities is a top priority for any economic reform program. It not only improves people’s incomes but also plays a crucial role in promoting social justice and enhancing the efficiency, impact, and sustainability of welfare programs.

Overall, Egypt’s economy is heading in the right direction, offering hope and prospects for a brighter future for its citizens.

Shopping

See more

More like this