CAIRO: The unemployment rate in Egypt is at a steady 13.4 percent, Prime Minister Ibrahim Mahlab said during a press conference Saturday, adding that salaries of public employees equaled 208 billion EGP against 83 billion EGP in 2011.
In a press conference Sunday broadcast on state television, Mahlab said that technical education would be a “life jacket” for unemployed youth.
Unemployment rates increased following the January 25 Revolution in 2011, specifically in the tourism sector, which provided 20 percent of the Egypt’s income. The tourism sector has been in constant decline since then, despite ongoing campaigns to assure foreigners that the country is a safe vacation destination.
According to a CAPMAS report in March 2014, the unemployment rate reached 13.4 percent in 2013, increasing by 0.4 percent from 2012.
“Despite the actual amount of broken promises in the past with the previous presidents, we are still waiting for the next president to offer a serious and fast solution,” said
unemployed Ahmed Hamed, 32, told The Cairo Post Sunday. “What is our problem [unemployment youth]? We graduated, trained, and attended courses but I know, our only sin is that we do not have contacts,” he added.
Presidential candidate Abdel Fatah al-Sisi’s platform stated that he would aim for a 8 percent decrease in the unemployment rate by the fiscal year of 2017/2018, according to his official website. His challenger Hamdeen Sabbahi said that he would seek to rehabilitate human resources to counter Egypt’s unemployment crisis.
Deputy of the Planning and Budget Committee of the former dissolved People’s Assembly Ashraf Badr El-Din said there is a significant rise in the unemployment rate following the ouster of former president Mohamed Morsi, which led to the unemployment of 3.6 million people.
The unemployment rate has been affected by the decline in foreign investments in Egypt over the past three years, Badr said in an interview on Al-Jazeera Mubasher channel, adding that many employers prefer foreign employees over Egyptians.
“Egypt’s educational process makes us more academic so we are suffering a lack of practical skills needed for any job. Despite this fact, most employers put the blame on us,” Mohamed al-Sayed, 29 and unemployed, told The Cairo Post Sunday.