Morocco Unemployment Rate Falls Below 10% in First Quarter 2015
19 May 2015
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According to a High Commission for Planning (HCP) report, it went from 10.2% in the first quarter of 2014 to 9.9% in the first quarter of 2015, with a total of 1.57 million unemployed people.
According to a High Commission for Planning (HCP) report, the unemployment rate in Morocco went from 10.2% in the first quarter of 2014 to 9.9% in the first quarter of 2015, with a total of 1.57 million unemployed people.
In urban areas, the unemployment rate did not significantly change, going from 14.6% to 14.3% between the two periods, while it went from 5.1% to 4.7% in rural areas.
The HCP notes that the underemployment rate increased in Morocco by 0.4%, going from 9.5% to 9.9% nationally (9.1% to 9.3% in urban areas and 9.9% to 10.5% in rural areas).
Furthermore, the active population aged 15 and over decreased between the first quarter of 2014 and the first quarter of 2015 by 0.1% to 11,670,000 people.
27,000 jobs were created between the first quarter of 2014 and the first quarter of 2015. 45,000 jobs were created in urban areas and 18,000 jobs were lost in rural areas, according to the HCP report which indicates that it is the agriculture, forestry and fishing sector that benefited from this increase with 14,000 jobs created, followed by industry (including crafts) with 9,000 jobs and services, with 4,000 jobs.
Working-age population on the rise
The HCP points out that the working-age population is up 1.5%, with the activity rate going from 47.7% to 47% between the two periods, or less than 0.7 points.
In its report on the state of the labor market in 2014 in Morocco, the HCP noted that the unemployment rate had slightly increased to 9.9% between 2013 and 2014. A year earlier, this rate was 9.2%, an increase of 0.7 points.
According to Moroccan economists, growth of at least 5 to 6% per year is needed for the unemployment rate to fall below 9% with the creation of at least 180,000 jobs. And, ''double-digit growth is needed to hope to present a globally satisfactory quantitative job offer to absorb the accumulated deficit'', specify the same sources cited in the Moroccan press.
Maghrebemergent.com
Published May 17, 2015.
Posted online May 19, 2015.
According to a High Commission for Planning (HCP) report, the unemployment rate in Morocco went from 10.2% in the first quarter of 2014 to 9.9% in the first quarter of 2015, with a total of 1.57 million unemployed people.
In urban areas, the unemployment rate did not significantly change, going from 14.6% to 14.3% between the two periods, while it went from 5.1% to 4.7% in rural areas.
The HCP notes that the underemployment rate increased in Morocco by 0.4%, going from 9.5% to 9.9% nationally (9.1% to 9.3% in urban areas and 9.9% to 10.5% in rural areas).
Furthermore, the active population aged 15 and over decreased between the first quarter of 2014 and the first quarter of 2015 by 0.1% to 11,670,000 people.
27,000 jobs were created between the first quarter of 2014 and the first quarter of 2015. 45,000 jobs were created in urban areas and 18,000 jobs were lost in rural areas, according to the HCP report which indicates that it is the agriculture, forestry and fishing sector that benefited from this increase with 14,000 jobs created, followed by industry (including crafts) with 9,000 jobs and services, with 4,000 jobs.
Working-age population on the rise
The HCP points out that the working-age population is up 1.5%, with the activity rate going from 47.7% to 47% between the two periods, or less than 0.7 points.
In its report on the state of the labor market in 2014 in Morocco, the HCP noted that the unemployment rate had slightly increased to 9.9% between 2013 and 2014. A year earlier, this rate was 9.2%, an increase of 0.7 points.
According to Moroccan economists, growth of at least 5 to 6% per year is needed for the unemployment rate to fall below 9% with the creation of at least 180,000 jobs. And, ''double-digit growth is needed to hope to present a globally satisfactory quantitative job offer to absorb the accumulated deficit'', specify the same sources cited in the Moroccan press.
Maghrebemergent.com
Published May 17, 2015.
Posted online May 19, 2015.
