Egypt’s unemployment rate remained unchanged in the fourth quarter of 2013 at 13.4 percent of a labour force of 27.3 million people, according to state-run statistics body CAPMAS.
Unemployment among young people aged 15-29 hit 69 percent of the labour force in the last quarter of 2013. More than 82 percent of them hold diplomas and university degrees.
The CAPMAS quarterly report released on Monday said that the persistence of the high unemployment rate reflects an ongoing slowdown in economic activities.
The growth rate of the Gross Domestic Product (GDP) during the period of July-September 2013 fell to 1.6 percent compared to the same period the previous year, when the growth rate stood at 2.6 percent.