The unemployment rate in Morocco rose to 12.5 percent in the first quarter of 2021 from 10.5 percent in the same period a year ago, partly due to the ongoing pandemic crisis. The number of unemployed went up by 242 thousand to 1.534 million, while employment decreased by 202 thousand to 10.755 million. Across sectors, dynamics differed, with jobs shed in agriculture & fisheries (-231 thousand) and industry including crafts (-48 thousand), while the services sector created 42000 thousand jobs and the construction sector added 39000 jobs. The jobless rate rose more in urban centres (17.1 percent vs 15.1 percent in Q1 2020) than in rural areas (5.3 percent vs 3.9 percent). source: Haut Commissariat au Plan
Unemployment Rate in Morocco averaged 10.46 percent from 1999 until 2021, 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 July of 2021.
Unemployment Rate in Morocco is expected to be 12.70 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 11.70 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 11.50 percent in 2022 and 10.00 percent in 2023, according to our econometric models.