However in youth unemployment in Morocco has reached a rate of almost 50 percent, which is 10 times the national rate. Unemployment Rate in Morocco. The agency said in Rabat that the economy created 112,000 jobs last year, including 21,000 in rural areas, up from 86,000 jobs in 2017. Although the unemployment rate has declined over the past decade, youth unemployment is still twice that of the total population. And the unemployment rate is forecasted to drop to 11.1%. Unemployment at governorate level and urban and rural unemployment rates in North African Arab countries before the Arab Spring uprisings. KNAfrica, KNLabor, Labor, Quarterly, Unemployment; World Data Atlas. In Morocco, four out five unemployed people are aged 15 to 34. u. cation (15+) 4. Data published Quarterly by High Commissioner for The Plan. Morocco - Unemployment. The unemployment rate was higher among the youth at 31%, graduates at 18.7%, according to the HCP. Morocco Unemployment Rate Outlook is at 9.40%, compared to 9.90% last year. Africa Morocco's employment policy: unemployment rate under close scrutiny. High Commission for Planning, Morocco. The Higher Planning Commission (HCP) announces that the unemployment rate in Morocco has risen from 9.3 to 9.4 percent in the third quarter of the current year. The unemployment rate in Morocco is five times as high for graduates as it is for people with only a primary education. [39] Figure 6: Morocco Youth Unemployment Rate and Annual Change (1999-2020) Morocco Unemployment Rate is updated quarterly, available from Mar 1999 to Jun 2021, with an average rate of 10.10 %. Assume Morocco is currently operating with an unemployment rate six percent above its natural rate of unemployment. Morocco unemployment rate for 2020 was 10.15%, a 1.14% increase from 2019. Farm. What is Unemployment Rate in Morocco? Despite Morocco's economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. In 2020, the unemployment rate in Morocco. The unemployment rate among women stood at 16.5 percent and 10.4 percent among men. Source: High Commission for Planning, Morocco. The unemployment rate in Morocco rose from 11.9% to 12.3% between 2020 and 2021, according to the Moroccan High Commission for Planning (HCP). This rate recorded a sharp increase in both rural and urban areas, going from 3% to 7.2% and from 11.7% to 15.6% respectively, specifies the HCP in a relative information note. Senior business . This was a slight increase from the previous quarter, when it reached 12.5 percent. Unemployment Rate for Morocco from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. The rate among women without degrees and those with degrees is 13.8 percent and 17.1 percent, respectively. January 11, 2022. In January, the U.S. economy added 467,000 jobs, which was more than economists predicted. In . The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people . Definition: This entry contains the percent of the labor force that is without jobs. Morocco's economy is expected to grow by 6.2 percent in 2021, after a pandemic-driven contraction of 6.3% last year, according to the central bank. Morocco may return to its pre-pandemic level of GDP in 2022, followed by a gradual acceleration of growth, contingent on the successful implementation of both ongoing and planned reforms. The median household income in Morocco is 21% lower than the national average. Morocco's unemployment rate dropped to 9.8 per cent in 2018 from 10.2 per cent in 2017 with services topping job creating sectors, the planning agency said on Tuesday. The unemployment rate stood at 16 . This leaves Morocco with some 1.03m unemployed, compared to 1.06m at the end of March. The unemployment rate in Morocco is 45% higher than the national average. unemployment rate in poland 2020. In countries with a growing economy and a high demand for workers, this demographic would be a blessing. Compare Unemployment Rate by Country News Stream Romania Jobless Rate Unchanged at 5.2% 2022-01-10 Romania Jobless Rate Unchanged at 5.3% 2021-12-02 This is lower than the long term average of 6.50%. Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021. The unemployment rate among women stood at 16.5 percent and 10.4 percent among men. Source: World Bank > Morocco > Morocco Unemployment Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may be delayed. What is unemployment rate? In . Morocco Unemployment rate. This rate recorded a sharp increase in urban areas, from 15.6% to 18.2%, and a decrease in rural areas from 7.2% to 4.8%, the HCP points out in an information . Youths of ages ranging from 24 to 34 saw the highest rate of unemployment up to 22.6 percent. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Morocco Unemployment Rate is at 10.15%, compared to 9.01% last year. Looking at subsectors, private consumption, gross investment and government consumption growth slowed, while export growth was solid. The maximum rate was 15.1 % and minimum was 7.8 %. Moroccan Unemployment Falls in Q2 2008. The unemployment rate in Morocco rose to 12.5 per cent during the first quarter of 2021, compared to 10.5 per cent during the same period in 2020. Morocco unemployment rate for 2019 was 9.01%, a 0.07% decline from 2018. [2] Unemployment stood at 9.8% at the end of 2007, up 0.1% from the end of 2006. On average, it takes 65% of young graduates a year or more to secure employment. Historical Data (%) by years Data Period Date Historical Chart by prime ministers (%) Saadeddine Othmani Morocco Employment Rate Employment Rate in Morocco decreased to 39.80 percent in the third quarter of 2021 from 40.20 percent in the second quarter of 2021. source: Haut Commissariat au Plan 3Y 10Y 25Y MAX Chart Compare Export API Embed Morocco Employment Rate Unemployment refers to the share of the labor force that is without work but available for and seeking employment. In Morocco, four out five unemployed people are aged 15 to 34. By . This is lower than the long term average of 11.75%. The rise was especially recorded in urban . Unemployment rate in the OECD area drops further to 5.4% in December 2021 . Male median earnings are 41% higher than female median earnings. Casablanca - The unemployment rate increased by 0.5 point between the second quarters of 2020 and 2021, from 12.3% to 12.8% at the national level, according to the High Planning Commission (HCP). Further, Morocco had lost 589,000 jobs between the second two quarters of 2019 and 2020. As of the second quarter of 2021, the unemployment rate in Morocco stood at 12.8 percent. algeria vs morocco arab cup 2021 . Unemployment rate: 9.23% (2019 est.) Morocco - Unemployment rate. The unemployment rate stood at 16 per cent in urban areas and 5.2 per cent in rural areas, the report added on Wednesday. The unemployment rate stood at 16 per cent in urban areas and 5.2 per cent in rural areas, the report added on Wednesday. But the unemployment rate also ticked up slightly to 4%, up from 3% the month before. Many sectors have started recovering, including the job market. The unemployment rate of those with a vocational training certificate is 36.5 percent for women and 19.3 percent for men. Unemployment rate by year chart. The rate among women without degrees and those with degrees is 13.8 percent and 17.1 percent, respectively. Morocco gdp for 2020 was $112.87B, a 5.71% decline from 2019. The unemployment rate was higher among the youth at 31%, graduates at 18.7% and women at 16.5%, it said. In 2019, Morocco's youth unemployment rate reached 22% nationally and 40.3% in urban areas. The unemployment rate in Morocco increased by 0.5 point between the second quarters of 2020 and 2021, from 12.3% to 12.8% at the national level, according to the High Planning Commission. The unemployment rate was higher among the youth at 31%, graduates at 18.7%, according to the HCP. Emploi FBR aims to help a total of 600 job candidates improve their employment prospects . Data Source: U.S. Census Bureau; American Community Survey, 2018 ACS 5-Year Estimates. Substantial underemployment might be noted. Morocco's unemployment rate, long a cause for concern, has been dropping steadily this year, on the back of job growth in services and construction. The impact of the health crisis on the rise in unemployment has been a real challenge for the government since the outbreak of the health crisis, prompting it to develop an emergency action plan to avoid job losses in several sectors. This is lower than the long term average of 11.12%. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. GDP growth eased in annual terms in Q3, largely due to a base effect and increased Covid-19 cases leading to tougher restrictions in August, although underlying momentum was still robust. November 4, 2021 0 64 Morocco's unemployment rate fell by 0.9 percent year-on-year to 11.8 percent in the third quarter of 2021, the official High Commission for Planning revealed on Wednesday. Source of data: Urban and rural unemployment: Assaad 2009: 21; . This cadre of young people, who make up approximately one third of Morocco's total population of 35 million, represents a pool of untapped talent not contributing to economic productivity. ALSO READ: Poverty, unemployment on the rise in Afghanistan. Unemployment rate in Morocco has dropped to 10 percent in the end of March, after it was at 10.5 percent last year, Reuters reported, quoting the Kingdom's planning agency (HCP). Overall, four out of five jobs in the Moroccan economy 1 EXECUTIVE SUMMARY Morocco has experienced a rapid expansion in the supply of education services over the last two decades resulting in impressive improvements in access to education, enrolment, and attainment. Saharan immigration to Morocco for transit towards Europe or in order to stay there definitely. At the national level, the October 2021 unemployment rate was down slightly from 4.8% to 4.6%, while the number of Georgia jobs went up by 21,000 . Data retrieved on June 15, 2021. These numbers are even more significant when considering that 16.6 percent of the population consists of young people (ages 15 to 24). In Morocco, the unemployment rate is relatively high among youth aged 15-24 (27.5 percent). Morocco's unemployment rate edged down to 11.8% in the quarter through September from 12.7% in the same period last year, as the economy starts to slowly recover from the pandemic, the planning . Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. Morocco Unemployment Rate The unemployment rate in Morocco fell to 11.8 percent in the third quarter of 2021 from 12.7 percent in the same period a year earlier, as the economy started to recover from the impact of the coronavirus pandemic. Rabat, Nov 4: Morocco's unemployment rate fell by 0.9 point year-on-year to 11.8 per cent in the third quarter of 2021, the official High Commission for Planning has said. 9.65% (2018 est.) The poverty level in Morocco is 29% lower than the . Although the unemployment rate has declined over the past decade, youth unemployment is still twice that of the total population. This leaves Morocco with some 1.03m unemployed, compared to 1.06m at the end of March. The Moroccan planning agency revealed on Wednesday that, the country's unemployment rate slipped to 9.2 per cent in 2019 from 9.5 per cent in 2018. Morocco Unemployment Rate increased to 12.80 % in Jun 2021, from the previously reported number of 12.50 % in Mar 2021. Over the third quarter this year, the unemployment rate in the country fell to 11.8% from 12.7% in Q3 2020. Research expert covering historical data Get in touch with us now , Jul 7, 2021 This statistic shows the unemployment rate in Morocco from 1999 to 2020. Despite this situation, Morocco is likely to have a positive growth in 2021. In Morocco, the unemployment rate is relatively high among youth aged 15-24 (27.5 percent). 10.2 (%) in 2017 What is unemployment rate? The data reached an all-time high of 15.10 % in Sep 1999 and a record low of 7.80 % in Jun 2006. Download the entire news release (graphs and tables included, PDF) 8 Feb 2022 - The monthly unemployment rate in the OECD area fell for the eighth consecutive month to 5.4% in December 2021, down from 5.5% in November, bringing it to just 0.1 percentage point above the pre-pandemic rate recorded in February 2020 (see . The unemployment rate of those with a vocational training certificate is 36.5 percent for women and 19.3 percent for men. Rabat: Morocco's unemployment rate fell by 0.9 point year-on-year to 11.8 per cent in the third quarter of 2021, the official High Commission for Planning has said. That said, growth will still be above historic standards, as extensive government support will stimulate both private consumption and fixed . Report. to the labor market situation in Q2-2020, showing a decline in activity and employment rates, pointing out that the last time the unemployment rate crossed the 12% mark dates back to the second quarter of 2001. The. Morocco gdp for 2019 was $119.70B, a 1.36% increase from 2018. Morocco Unemployment Statistics. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . Download the entire news release (graphs and tables included, PDF) 8 Feb 2022 - The monthly unemployment rate in the OECD area fell for the eighth consecutive month to 5.4% in December 2021, down from 5.5% in November, bringing it to just 0.1 percentage point above the pre-pandemic rate recorded in February 2020 (see . For university degree holders like Abdelmoula, the metrics were even more dismal, with three out of four unemployed. Draw a correctly labeled graph of the long-run aggregate supply, short-run aggregate supply, and aggregate demand curves. Morocco also seeks to expand its renewable energy capacity with a goal of making renewable more than 50% of installed electricity generation capacity by 2030. Heavy job losses in the farming sector were replaced by «gains» in other fields, the same source said. The data is reported by reported by High Commission for Planning. Morocco's unemployment rate was estimated 9.2 percent in 2019 with the youth unemployment rate double that of the total population. Label the equilibrium price level PL 1 and the equilibrium real output Y 1. The Central Bank of Morocco expects the country's economy to recover at 6.2% this year after a recession in 2020. The note specified that 26,000 people […] Morocco fits this pattern with an overall unemployment rate of 10 percent, with youth (15-29 years old) being twice as likely to be without a job. Morocco has a high unemployment rate at 9.1% and 31.1% of people affected are young graduates. This rate is obtained by the ratio of the number of . This page provides forecast and historical data, charts, statistics, news and updates for Morocco Unemployment Rate. At Fitch Solutions we revised down our forecast for Morocco's real GDP growth in 2022, as we now expect this will come in at 3.2% against an initial forecast of 3.4% due to the negative impact of the Omicron variant on mobility and the tourism industry. The Moroccan economy, backed by an improvement in domestic demand and a good crop year, supported 642,000 additional jobs during the quarter, compared with the same period last year, the agency said. Unemployment rate by level of ed. The State High Planning Commission that Morocco's official unemployment rate dropped to 9.1% in Q2 2008, down from 9.6% in Q1. Sustained mainly by the recovery of indirect taxes, the budget deficit is expected to start falling in 2021 (to 6.7% of GDP), stabilizing debt below 79% of GDP. Women in Morocco are over-represented in agriculture and in the industrial sector, but are under-repre - sented in the service and construction sectors. Morocco's unemployment rate fell by 0.9 point year-on-year to 11.8 per cent in the third quarter of 2021…reports Asian Lite News. This revelation came in the Higher Planning Commission's briefing note on key labor market indicators related to the 3rd quarter of 2019. Morocco's economy is expected to grow by 6.2 percent in 2021, after a pandemic-driven contraction of 6.3% last year, according to the central bank. This rate recorded a sharp increase in urban areas, from 15.6% to 18.2%, and a decrease in rural areas from 7.2% to 4.8%, the HCP points out in an . Morocco unemployment rate for 2018 was 9.08%, a 0.11% decline from 2017. Morocco urban 13.7% . Unemployment rate in the OECD area drops further to 5.4% in December 2021 . FIGURE 2. This rate has decreased by 0.9 point to 5% in rural areas and rose by 1.1 point to 16.9% in urban areas, says the HCP, which has published an information note on the situation of the labor market in 2021. Morocco Economic Forecast. The unemployment rate. The unemployment rate stood at 16 percent in urban areas 5.2 percent in rural areas, the report added. Morocco's unemployment rate slips to 9.2% in 2019 Reuters Lead: Morocco's unemployment rate dropped slightly last year to 9.2% from 9.5% in 2018, the planning agency said on Wednesday, as heavy job losses in rural areas were offset by gains in towns and cities. Morocco's economy is expected to grow by 6.2 per cent in 2021, after contracting 6.3 per cent in 2020, according to the Central bank. Morocco unemployment rate, percentage of total Moroccan labor force. Figure 15: Unemployment rate in Morocco by gender and age, 2005-2019 17 Figure 16: Evolution of unemployment between 2019 Q2 and 2020 Q2 18 Figure 17: Evolution of under-employment between 2019 Q2 and 2020 Q2 18 Figure 18: Worldwide male and female labor force participation, 2020 19 Youth aged 15 to 29 years old make up 30 percent of the total population and 40 percent of the eligible workforce. Sources. See Also. The average value for Morocco during that period was 10.18 percent with a minimum of 7.7 percent in Q2 2006 and a maximum of 13 percent in Q3 2001. RABAT (Reuters) - Morocco's unemployment rate rose last year to 11.9% from 9.2% in 2019, the planning agency said on Wednesday, citing the double impact of the COVID-19 pandemic and drought. Though Morocco unemployment rate fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at 11.9 % in 2020. The income per capita in Morocco is 25% lower than the national average. Latest Updates The unemployment rate in Morocco fell to 11.8 percent in the third quarter of 2021 from 12.7 percent in the same period a year earlier, as the economy started to recover from the. According to the provisional economic budget published by the HCP on Thursday, February 4, 2021, the country's GDP should grow by 4.6%, after the 7% recession in 2020. Morocco also seeks to expand its renewable energy capacity with a goal of making renewable more than 50% of installed electricity generation capacity by 2030. Unemployment stood at 9.8% at the end of 2007, up 0.1% from the end of 2006. This was attributed by the offset labor gains in town and cities, after heavy job losses within the rural areas, Reuters revealed. Despite Morocco's economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. During the second quarter of 2020, the unemployment rate hiked by 4.2 percent reaching 15,6 percent in urban environments. Further institutional reforms to bolster competitiveness and and financial openness are expected to help the trend to continue. Morocco - Unemployment rate 11.9 (%) in 2020 In 2020, unemployment rate for Morocco was 11.9 %. Find Morocco Unemployment Rates by Age and Unemployment Rates by Educational Attainment. Unemployment, youth total (% of total labor force ages 15-24) (modeled ILO estimate) - Morocco International Labour Organization, ILOSTAT database. Following a confirmation that growth eased in Q3, a preliminary reading suggests that the economic expansion slowed further in Q4, with private consumption appearing to weaken amid rising inflation. The unemployment rate expresses the share of unemployed in the labor force aged 15 and over. A sketchy analysis of the impact of these migratory flows on unemployment and labour remuneration would lead us to conclude that on one hand, urban emigration reduces urban unemployment rates and raises wages, whereas inter- Morocco's unemployment rate drops to 11.8% in Q3. rural 3.9% . Morocco's unemployment rate fell by 0.9 point year-on-year to 11.8 per cent in the third quarter of 2021, the official High Commission for Planning has said. Morocco. Protests have occurred in Morocco regarding youth unemployment since the beginning of this year but little has changed. Map 5. The State High Planning Commission announced on August 7 that Morocco's official unemployment rate dropped to 9.1% in the second quarter, down from 9.6% in the first. Unemployment rate, percent in Morocco, Q1 2001 - Q3 2021: For that indicator, we provide data for Morocco from Q1 2001 to Q3 2021. Unemployment Rate in Morocco increased to 12.5 % in the first quarter of 2021. The unemployment rate went up by 0.5% in the second quarter of this year, to become 12.8%, according to Morocco's High Commission for Planning (HCP). The description is composed by our digital data assistant. The unemployment rate among men stood at 10.4 per cent and 16.5 per cent among women, Xinhua news agency reported.

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