The latest data released by the Central Agency for Public Mobilization and Statistics revealed that tackling the unemployment crisis by maintaining its levels that were registered during the past months has eluded the government due to the emerging crisis of the Corona epidemic.
The unemployment rate rose to 9.2 percent during the period from the end of last March to the end of April due to Corona.
The agency attributed that rise to the precautionary measures taken by the government related to Corona, as it included the closure of schools, the suspension of air traffic, the closure of shops and other measures to prevent the spread of the disease.
The figures show that the unemployment rate reached 7.7 percent in the first quarter of this year, down from eight percent in the previous three months, and from about 8.1 percent compared to the same period a year ago.
Cairo seeks to reduce the unemployment rate, whatever the costs are, by launching several national projects, which are supervised by local companies, especially army companies.
The Egyptian economy was affected by the local outbreak of the virus, and this urged the Prime Minister Mostafa Madbouly and members of his government, to start implementing a plan to control and rationalize expenditures for every ministry and government institution.
Source (London Arab newspaper, Edited)
