Egypt Unemployment Rate

Unemployment Rate in Egypt remained unchanged at 13.40 percent in the fourth quarter of 2013 from 13.40 percent in the third quarter of 2013. Unemployment Rate in Egypt is reported by the CAPMAS, Egypt. Unemployment Rate in Egypt averaged 10.44 Percent from 1993 until 2013, reaching an all time high of 13.40 Percent in the fourth quarter of 2013 and a record low of 8.10 Percent in the second quarter of 1999. In Egypt, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Egypt Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
13.40 13.40 13.40 8.10 13.67 | 2014/03 1993 - 2013 Percent Quarterly

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Egypt Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-21 04:00 PM Egypt
Unemployment Rate
Q2 2013 13.3% 13.2% 13.4%
2013-11-27 10:30 AM Egypt
Unemployment Rate
Q3 2013 13.4% 13.3% 13.4%
2014-02-19 10:30 AM Egypt
Unemployment Rate
Q4 2013 13.4% 13.4% 13.6%
2014-05-19 10:30 AM Egypt
Unemployment Rate
Q1 2014 13.4% 13.7%
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Labour Last Previous Highest Lowest Forecast Unit
Population 83.66 2012-12-31 82.54 83.66 27.90 84.52 2013-12-31 Million [+]
Unemployed Persons 3664.00 2013-11-15 3648.00 3664.00 2022.00 3723.10 2014-03-31 Thousand [+]
Unemployment Rate 13.40 2013-12-31 13.40 13.40 8.10 13.67 2014-03-31 Percent [+]
[+]


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Egyptian Inflation Rate Unchanged in March  
The annual consumer prices increased 9.82 percent in March of 2014, almost unchanged from 9.76 percent in the previous month. A year earlier, the inflation rate was recorded at 7.59 percent.
Egypt Inflation Rate Down to 6-Month Low  
In February of 2014, Egypt’s annual inflation rate decelerated to 9.8 percent from 11.4 percent in January. In November last year, the inflation rate reached its highest in four and a half years and slowed in February for the third straight month.
Central Bank of Egypt Leaves Rates on Hold  
At its February 27th meeting, the Monetary Policy Committee decided to keep the overnight deposit rate at 8.25 percent for the second consecutive month, in an attempt to stimulate the economy while controlling the inflation. The overnight lending rate, and the CBE rate were also maintained at 9.25 percent and 8.75 percent, respectively.
Egypt Inflation Rate Decelerates in January  
In January of 2014, Egyptian annual inflation rate slowed for the second straight month to 11.4 percent from 11.7 percent recorded in December, due to favorable base effect from the previous year. In November of 2013, the inflation rate hit a four-year high of 12.97 percent.
Egypt Monetary Policy Unchanged in January  
At its January 16th meeting, Central Bank of Egypt decided to leave the overnight deposit rate unchanged at 8.25 percent, after last month's cut, aiming to fight persistent downside risks to growth.
Egypt Inflation Rate Slows to 4-Month Low in December  
In December of 2013, Egypt annual inflation rate slowed for the first time in four months to 11.7 percent, driven by lower housing, food and utilities’ prices.
Egypt Inflation Rate Edges Up to 12.97% in November  
In November of 2013, Egypt inflation rate climbed to 12.97 percent, the highest rate in almost five years. On a monthly basis, prices slowed for the second straight month to 0.95 percent.
Central Bank of Egypt Cuts Rates  
At its December 5th meeting, Central Bank of Egypt decided to cut the overnight deposit rate by 50 bps to 8.25 percent. It is the third rate cut his year, citing pronounced downside risks to growth. The discount rate was also cut by 50 basis points to 8.75 percent.
Egypt Inflation Rate Up to 10.4% in October  
In October of 2013, Egyptian annual inflation rate accelerated to 10.44 percent, from 10.15 percent in September, mainly due to higher food prices. Core inflation rate remained steady.
Central Bank of Egypt Leaves Rates On Hold  
The Monetary Policy Committee of the Central Bank of Egypt decided on October 31st to leave the overnight deposit rate unchanged at 8.75 percent, after cutting it by 50 bps in the previous two meetings.
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US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
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South Africa Inflation Rate Back to 6%  
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Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
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Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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