The labor market’s situation has experienced a relative recovery in 2021 with a net creation of 230.000 jobs, after a significant deterioration due to covid-19 related effects in 2020, said Bank Al-Maghrib in its annual report.
Given that the national economy has begun seeing a rebound, this performance is still insufficient to make up for the losses incurred a year earlier and is below expectations, added the same source.
Morocco’s central bank also reported that 309.000 job applicants succeeded in joining the labor force, which is the highest number since 2004.
This rise resulted in a significant increase in the activity rate, which concerned exclusively women, said the same source.
The integration of women in the labor market moved up from 1% to 20.9%, while the unemployment rate reached 12.3%, added BAM.
Regarding activity sectors, the health sector has created 115.000 jobs, up compared to 107.000 jobs in 2020, ahead of the construction sector, a job creation of 71.000, up compared to 9000 recorded in 2020.
Despite a good agricultural campaign in 2020/2021, agricultural job creation was limited to 68.000, down compared to 273.000 in 2020, while the decline in industry, including crafts, continues with 19.000 recorded in 2021, up from 37.000 in 2020.
Real wages took 2.5%, following an increase of 2.5% in the private sector, and a drop of 0.4% in the public sector, down compared to 1.2% recorded in 2020, added BAM.
Improving women’s labor-market integration remains primarily dependent on providing a strong and sustainable economic dynamism, which may result from an increase in women’s activity rate, in addition to stimulus, promotion, and awareness policies, according to the same source.
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