About 1 million Egyptians lost their jobs in 2011 as the economy shrank for the first time in decades. And the paradox of the Middle East deepened with more young people than ever searching for jobs, while at the same time, the private sector encountered increasing difficulty in its search for qualified employees.
The latest figures from the government statistics agency, CAPMAS, show the problem is only getting worse. More than 162,000 Egyptians lost their jobs in the last quarter of 2012.
Based on these government figures, Rebel Economy has compiled a chart detailing how much the country’s unemployment rate has widened in the last four years:
Chosen excerpts by Job Market Monitor
via In Charts, Egypt’s Unemployment Problem | REBEL ECONOMY.
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