Morocco: Low Job Creation Rate
15 November 2013
Read by 1609 persons
The HCP (High Commission for Planning) in Morocco has just published a survey on the labor market at the end of the third quarter of the current year. It reveals a reduction in the employment rate which is paradoxically accompanied by a similar increase in the underemployment rate.
This observation is explained by the fact that out of the 140,000 net job creations recorded by the HCP year-on-year, more than 3/4 are not paid. It is particularly visible in rural areas where most of these jobs were created. The concentration of the increase in the number of jobs in rural areas and the primary sector (agriculture, forestry and fishing) implies job losses in all other sectors except services.
Against 17,000 jobs created in rural areas, urban areas lost 44,000 in a trend that continues to be confirmed. Between 2009 and 2012, industry lost an average of nearly 25,000 jobs per year. Several elements explain this downward trend. Net job losses in industry are due to the combined effects of improved productivity on the one hand and the deterioration of the international economic situation on the other.
This trend is also reflected in a reduction in the contribution of the industrial sector, excluding energy and mining, to the growth of the Gross Domestic Product (GDP). This has fallen from an average of 16.9% between 2000 and 2005 to 15.4% between 2005 and 2011. The production index, meanwhile, fell from 5.2% in 2006 to 1.5% last year.
Khalid Bennani.
Lemagazinedumanager.com
Published on November 14, 2013.
Posted online on November 15, 2013.
This observation is explained by the fact that out of the 140,000 net job creations recorded by the HCP year-on-year, more than 3/4 are not paid. It is particularly visible in rural areas where most of these jobs were created. The concentration of the increase in the number of jobs in rural areas and the primary sector (agriculture, forestry and fishing) implies job losses in all other sectors except services.
Against 17,000 jobs created in rural areas, urban areas lost 44,000 in a trend that continues to be confirmed. Between 2009 and 2012, industry lost an average of nearly 25,000 jobs per year. Several elements explain this downward trend. Net job losses in industry are due to the combined effects of improved productivity on the one hand and the deterioration of the international economic situation on the other.
This trend is also reflected in a reduction in the contribution of the industrial sector, excluding energy and mining, to the growth of the Gross Domestic Product (GDP). This has fallen from an average of 16.9% between 2000 and 2005 to 15.4% between 2005 and 2011. The production index, meanwhile, fell from 5.2% in 2006 to 1.5% last year.
Khalid Bennani.
Lemagazinedumanager.com
Published on November 14, 2013.
Posted online on November 15, 2013.
