The Governor of the Central Bank of Morocco, Abdellatif Jouahri, indicated that addressing the unemployment problem, which has risen to record levels, is linked to increasing levels of economic growth by accelerating the pace of wealth accumulation and ensuring its fair distribution. He explained that the administrative solutions that were previously adopted have proven to be limited, which calls for adopting a sustainable development approach, even though non-agricultural sectors such as industry, trade, and tourism are moving in a positive direction. Central Bank data showed that 50 percent of Moroccans between the ages of 15 and 24 are unemployed, which confirms that the local labor market is facing major challenges, especially among young people.
Al-Jawahri pointed to a relative improvement in the economic situation during the third quarter of 2024, as more than 200,000 new job opportunities were provided. The services sector alone contributed to providing about 257,000 job opportunities this year, a fact that comes after the loss of about 297,000 job opportunities during the year 2023.
Source (Al-Arab Newspaper of London, Edited)
