STORY: Egypt's unemployment rate drops to 7 pct in Q2
DATELINE: Aug. 23, 2023
LENGTH: 00:00:58
LOCATION: Cairo
CATEGORY: ECONOMY

SHOTLIST:
1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) of Egypt
2. various of shops and restaurants
3. various of the Central Bank of Egypt

STORYLINE:

Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of this year, according to a report released by the country's statistics agency CAPMAS on Tuesday.

More than two million Egyptians were without a job, including 1.2 million men and 941,000 women, the data revealed, adding that 61.8 percent of the unemployed Egyptians were between 15 and 29 years old.

Meanwhile, the workforce in Egypt that covers the employed, unemployed who are capable to work, and those desiring to find jobs raised by 1.3 percent in the second quarter, compared to the same period a year earlier, said the report.

Egypt's annual inflation rate rose to an all-time high of 38.2 percent in July, up from 14.6 percent in the same month a year earlier, and set a national record for the second month in a row.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)