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Unemployment hits 12.6% in Q3 of 2016: CAPMAS

The unemployment rate in Egypt has risen to 12.6% during the third quarter (Q3) of 2016, up from 12.5% in the second quarter (Q2), according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The third quarter is usually when new graduates join the market with different degrees, including medium education qualifications, above medium, …

Hossam Mounir

Promises of reform: a story that could end happily, or in disaster

Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …

Hisham Salah

Unemployment decreases by 0.2% down to 12.5% in Q2/2016: CAPMAS

Unemployment rates witnessed a decrease of 0.2% in the second quarter (Q2) of 2016 down to 12.5%, compared to 12.7% in the first quarter (Q1) of 2016, according to a press release by the Central Agency for Public Mobilisation and Statistics (CAPMAS) issued on Monday. A source from CAPMAS said that the decrease can be …

Adel M. Fakhry

German unemployment falling further

Joblessness in Europe’s biggest economy has never been lower in more than a quarter century, dropping below 6 percent for the first time since June 1991 as healthy economic growth causes companies to continue hiring.

Deutsche Welle

EU struggles with long-term unemployment

A newly-published study shows that more than half of the 22 million unemployed people in the European Union have been jobless for a year or longer, with older people and low-skilled workers the most affected.

Deutsche Welle

How unemployment will end up in Egypt

I know I am not be the first, nor will I be the last, to write about unemployment in Egypt, but in the next few paragraphs I will talk about unemployment as a disaster rather than as a problem. It has become like a snowball whose size increases day by day and afflicts young people …

Abdallah Al-Moghazy

Unemployment and terrorism in Egypt

I know I will not be the first or the last to write about the problem of unemployment in Egypt, but here, I will address in a few lines the disaster—not problem—of unemployment, which continues to snowball on a daily bases, causing frustration among the youth and their families every hour of every day. The …

Abdallah Al-Moghazy

German unemployment hits 24-year low

The number of jobless people in Germany has dropped to levels not seen since the early 1990s. While 2015 saw another decrease in unemployment overall, the rate was slightly up in December, the labor office reported.

Deutsche Welle

Year End 2014: What has the president accomplished so far?

President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election. Daily News Egypt reviews the goals set and analyses how far along they are from realisation. Prior to election, then-political candidate Al-Sisi cited “national security” concerns for not sharing his detailed vision. Al-Sisi stated that only the broad lines of his …

Sara Aggour