The nationwide unemployment rate remained steady through the fourth quarter (Q4) of 2013, registering 13.4% of the population, the Central Agency for Public Mobilization and Statistics reported in an official statement.
According to CAPMAS, 3.6 million Egyptians are unemployed, a 0.5% increase from the previous quarter and a 57.3% increase compared to the same quarter in 2010.
Hala El-Saeed, economics professor at Cairo University, said “this percentage is realistic when conducted on a general level nationwide; however, when it is demographically dissected we can expect a larger figure.”
“Unemployment rates in Upper Egypt can reach 50%,” El-Saeed said.
CAPMAS reported that the total labour force in Egypt witnessed a minimal increase to reach 27.3m, a 0.3% increase compared to the preceding quarter. Total labour force has surged by 4.4% since Q4 2010.
The report indicated that youth constitutes 69% of the total unemployed, an around 1.8% decrease compared to Q3 2013. The majority of the unemployed youth, 39% of the total 69%, were found in the 20 to 24 year-old tranche.