print logo

Half of Egypt's youth are "poor": CAPMAS

28.3% of Egypt’s youth aged 18 – 29 are unemployed, according to a report by the Central Agency for Public Mobilization and Statistics.

<html><body> <center><div class="image"><img src="https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/528364_438244566245669_936566481_n.jpg" width="400" height="310" style="padding-bottom:0.5em;" alt="Unemployment">
<br><div><b>The sign reads: ‘No to poverty, no to unemployment , no to torture’</b>– <i>Photo by Socialist Way</i></div>
</div></center>
<br>
<p>CAPMAS announced in 2010/2011 that 25.5% of Egypt’s population is poor, whereas the World Bank has an even more shocking statistic, claiming that more than 40% of Egypt’s population lives under the poverty line of $1 a day.</p><br>
<p>In 2012, 51.3% of Egypt’s young people suffered from poverty, which amounts to 19.4 million people. The same year witnessed a youth unemployment rate of 28.3%, whereas more females were jobless than males. The overall unemployment rate in 2012 stood at 13%.</p><br>
<p>Earlier this month, CAPMAS also announced that the monthly inflation rate rose by 0.9% in July 2013. Year-on-year, the rate has almost doubled, with an annual rate of 6.3% in July 2012, and 11.5% in July 2013.</p></body></html>