How many people are unemployed in Morocco?
As of the second quarter of 2022, around 1.4 million people were unemployed in Morocco.
The unemployed population in the country decreased from the previous year, but grew compared to 2015.
Indeed, the number of people out of employment and actively seeking a job in Morocco amounted to around 1.15 million in 2015..
Is unemployment high in Morocco?
Rabat - Morocco's unemployment rate rose in the third quarter of 2023 to 13.5%, up from 11,4% a year earlier.
Between the third quarter of 2022 and the third quarter of 2023, the national economy lost 297,000 jobs, a report from the Higher Commission of Planning (HCP) says..
Is unemployment high in Morocco?
Rabat - Morocco's unemployment rate rose in the third quarter of 2023 to 13.5%, up from 11,4% a year earlier.
Between the third quarter of 2022 and the third quarter of 2023, the national economy lost 297,000 jobs, a report from the Higher Commission of Planning (HCP) says.Nov 3, 2023.
What causes unemployment in Morocco?
It is clear, then, that the core of the continued unemployment and underemployment in Morocco lies both in labor supply factors – rapid labor force growth and availability of surplus labor - and labor demand factors – a respectable rate of GDP growth but one associated with vastly improved labor productivity, a .
What is the employment rate in Morocco?
As of 2022, the employment rate in Morocco reached 39.1 percent, decreasing from 39.7 percent in the preceding year.
Within the period under study, the rate of employment in the country generally followed a decreasing trend.
In comparison, it stood at 44.1 percent in 2012..
What is the unemployment rate in Morocco in 2023?
Unemployment rates are staggeringly high among young people aged 15 and 24, women, and college graduates, at 38%, 19.8%, and 19.8% respectively.
Rural areas were the hardest hit by the rise in unemployment By Jihane Rahhou - Nov. 03, 2023 11:54 a.m..
Which country has highest unemployment?
In 2021, South Africa had the highest unemployment rate in the world, at 29.8 percent.
Of the 10 countries with the highest unemployment rates, eight were in Sub-Saharan Africa..
Why is unemployment so high in Morocco?
Specifically, the young population aged 15 to 24 years faced the highest unemployment rate in the country compared to the other age groups in 2022.
Unemployment is also higher among those who have a degree, which reveals the struggles of bridging the gap between the education system and the job market..
- Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker.
Demand-side reductions may be caused by high interest rates, global recession, and financial crisis.
From the supply side, frictional unemployment and structural employment play a great role. - Youth unemployment rate in Morocco in 2022
In 2022, the youth unemployment rate in Morocco remained nearly unchanged at around 24.94 percent.
The youth unemployment rate refers to the share of the economically active population aged 15 to 24 currently without work but in search of employment.
