STRATFOR: Egyptian unemployment for 15 – 29 YO, 77.5%

Egypt: Unemployment Rate Hits Record High

August 15, 2012 | 0033 GMT

Egypt’s national unemployment rate rose to 12.6 percent in the second quarter of 2012 up from 11.8 percent for the same quarter last year, Egypt’s official statistics agency CAPMAS said Aug. 14, Ahram Online reported. According to CAPMAS, the total number of unemployed Egyptians currently stands at 3.395 million. Unemployment rates for young people — from 15 to 29 years old — hit 77.5 percent in the second quarter of 2012.

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