HCP: Unemployment rate down to 11.2% in Q2-2022

The unemployment rate in Morocco fell from 12.8% to 11.2% (-1.6 points) between the second quarters of 2021 and 2022, according to the High Commission for Planning (HCP). This rate fell from 18.2% to 15.5% in urban areas (-2.7 points) and from 4.8% to 4.2% in rural areas (-0.6 points), indicates the HCP which has just published an information note relating to the situation of the labor market in the second quarter of 2022 (Q2-2022).

The fall in unemployment concerned all categories of the population, notes the same source. It fell by 2 points for men, from 11.9% to 9.9%, and by 0.8 point for women, from 15.9% to 15.1%. It also recorded a drop of 2.4 points among graduates, from 20.4% to 18%, and 1.4 points among non-graduates, from 5% to 3.6%.

The decline in the unemployment rate affected all age groups, continues the HCP, noting that it is more pronounced among people aged 25 to 34 (-2.2 points), falling from 20.9% to 18.7% and lower among young people aged 15 to 24 (-0.6 points), falling from 30.8% to 30.2%. Said note shows that between the second quarter of 2021 and that of 2022, the number of unemployed fell by 218,000 people, going from 1,605,000 to 1,387,000 unemployed, which corresponds to a drop of 14%, resulting from a decrease of 182,000 unemployed in urban areas and 36,000 in rural areas.

As for the volume of underemployment, it fell during the same period from 999,000 to 939,000 people, from 551,000 to 500,000 in the cities and from 448,000 to 439,000 in the countryside. The underemployment rate thus fell, at the national level, from 9.2% to 8.5%, from 8.9% to 7.7% in urban areas and from 9.5% to 9.6% in rural environment.

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