The unemployment rate in Morocco rose to 12.7% in the third quarter of 2020 compared to 9.4% in the same period a year ago. It was the highest jobless rate since the fourth quarter of 2001 amid the Covid-19 pandemic and persistent drought conditions. The number of unemployed went up by 368 thousand to 1.482 million while employed decreased by 581 thousand to 10.17 million. The most affected sectors were services (-260 thousand), followed by agriculture, forestry & fishing (-258 thousand) and industry (-61 thousand). The jobless rate increased more in urban areas (16.5% vs 12.7% in Q3 2019) than in rural areas (6.8% vs 4.5%) as farm income hinges on volatile rainfall levels, pushing rural people to seek work in urban areas. Also, unemployment remained most prevalent among young people aged 15 to 24 (32.3%), university graduates (18.7%) and women (17.6%). source: Haut Commissariat au Plan
Unemployment Rate in Morocco averaged 10.42 percent from 1999 until 2020, reaching an all time high of 15.10 percent in the third quarter of 1999 and a record low of 7.80 percent in the second quarter of 2006. This page provides - Morocco Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Unemployment Rate in Morocco is expected to be 14.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Morocco to stand at 14.30 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 14.40 percent in 2021 and 13.00 percent in 2022, according to our econometric models.