Morocco’s unemployment rate rises to 10% in Q1

By bne IntelliNews May 5, 2016

Job losses in the value-added agriculture sector, which employs roughly 40% of Morocco’s labour force, largely offset rising job creation in the services and manufacturing sectors, boosting Morocco's unemployment rate to 10.0% in the first quarter of 2016 from 9.5% in Q4 last year and 9.9% in Q1 2015, the statistics office HCP said. The jobless rate has thus hit the long-standing benchmark of 10% in a warning sign to the government that has failed to largely diversify its agro-dependent economy.

In 2015, the jobless rate also eased to 9.7% from 9.9% the year before.

In urban provinces, the unemployment rate increased to 14.6% in Q1 2016 from 14.2% in Q4 last year. That in rural also grew to 4.5% from 4% in Q4 2015.

Between Q1 2015 and Q1 2016, the Moroccan economy lost 13,000 net jobs. The reading resulted from 28,000 jobs lost in rural areas amid poor harvest season that largely mitigated the 15,000 jobs created in urban areas.

The jobless rate among active males reached 9.6% in Q1 and that among females stood at 11.2%.

The jobless rate among Moroccan with high education increased to 17.5% in Q1 from 17.3% in the same quarter of 2015.

Related Articles

EBRD prepares to welcome Lebanon into fold

The EBRD is set to welcome its 66th member country and the fifth from the southern and eastern Mediterranean (SEMED) region once the Lebanese government finalises the last steps of the joining ... more

Russia and Saudi Arabia to launch joint projects worth $3bn in 2017

Russia and Saudi Arabia will launch joint projects worth $3bn by the end of 2017, the speaker of Russia’s Federation Council Valentina Matviyenko said at talks with members of the Russian-Saudi ... more

Egypt’s President El Sisi to announce state of emergency after church bombings

Egypt’s President Abdel-Fattah El Sisi announced in a televised speech his intention to impose a nationwide state of emergency for three months following two deadly bomb attacks on Christian ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss