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Elham AbolFateh

Business

Unemployment rate downs to 12.4% in the second Q of 201617

Sada El Balad
Ahmed Moamar
Ministry of Planning issued a recent report reads that rate of unemployment downed to 12.4% over the second quarter (Q) of the fiscal year 2016-2017.

The report reveals that work force in Egypt grew to 29 million people during that quarter.
The statement further said that growth rate at the work force estimated at 1.3 % compared with the same quarter of the previous fiscal year.
Meanwhile، number of the unemployed people downed slightly by 0. 27%.

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