Unemployment Rate Drops to 9.8% in 2018 (High Planning Commission)
Morocco’s unemployment rate stood at 9.8% in 2018 compared with 10.2% a year earlier, according to the High Planning Commission (HCP). The number of unemployed people has hence increased from 1,216,000 to 1,168,000 between 2017 and 2018, following a drop of 48,000 in employed people (25,000 in urban areas and 23,000 in rural areas), the HCP pointed out in a statement.
In urban areas, the unemployment rate fell from 14.7% to 14.2% while in rural areas, the rate dropped to 3.5% last year against 4% in 2017. The largest decreases were observed among graduate students (-0.8 point), women (-0.7 point) and young people aged between 15 and 24 (-0.5 points), the source said, noting that, on the other hand, the unemployment rate increased among university graduates (+0.6 point) and young people in urban areas (+0,4 point).
According to the same source, the Moroccan economy has created 112,000 jobs in 2018, against 86,000 jobs in 2017. Some 91,000 jobs were created in urban areas and 21,000 in rural areas, the source added, noting that these jobs have benefited 85,000 men and 27,000 women.
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