The unemployment rate in Egypt fell to 8.1 percent in the first quarter of 2019 compared to 10.6 percent in the same period a year ago. This is the lowest jobless rate since the second quarter of 1999, as the number of unemployed persons decreased sharply by 827 thousand to 2.267 million as many jobs were created in mega national development projects. By genders, the jobless rate was much lower for men (5.7% vs 7.3% in Q1 2018) than for women (18.9% vs 22%). Unemployment Rate in Egypt averaged 10.87 percent from 1993 until 2018, reaching an all time high of 13.40 percent in the third quarter of 2013 and a record low of 8.10 percent in the second quarter of 1999.
Unemployment Rate in Egypt is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Egypt to stand at 9.10 in 12 months time. In the long-term, the Egypt Unemployment Rate is projected to trend around 6.80 percent in 2020, according to our econometric models.