The Egyptian Cabinet’s media center said Sunday that the unemployment rate in Egypt is going down thanks to a national strategy designed to better determine demands of the labor market and hone skills of cadres to be able to effectively contribute to sustainable development plans.
The strategy is meant to best employ the outcome of education to serve the labor market, especially where technical and vocational training is concerned, a report by the Cabinet’s media center said.
The report focused on State efforts that helped reduce to the minimum the rates of unemployment, which it called the “biggest burden” facing progress in the country.
It said that the strategy focused on labor-intensive national projects and on expanding partnership with the private sector with the aim to increase employment levels, the report added.
It also shed light on measures taken to promote innovation and entrepreneurship, noting that this helped alleviate the repercussions of the successive global crises for the labor market.
The report underscored the positive outlook for the employment levels in Egypt, with the World Bank expecting the unemployment rate to reach 7 percent in 2023-2024 down from 7.2 percent reported in the final quarter of 2021-2022.
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