Unemployment Rate at 11.9% in 2020 (HCP)

Unemployment Rate at 11.9% in 2020 (HCP)
Wednesday 3 February 2021 - 11:39

The unemployment rate in Morocco rose by 2.7 points to reach 11.9% in 2020 against 9.2% the year before, according to the High Planning Commission (HCP).

This rise, which concerned all the categories of population, is the result of an increase of unemployment in rural areas, which reached 5.9%, as well as in urban areas (15.8%), said the HCP in an information note on the labor market situation in 2020.

The number of unemployed among men increased to 10.7% (+ 2.9 points), while those among women rose to 16.2% (+ 2.7 pts), the source added.

The unemployment rate also rose among people aged between 15 and 24 years to 31.2% (+ 6.2 points), HCP said.

The unemployment rate for graduates rose by 2.8 points to 18.5%, according to the same source.

The HCP reported that the number of unemployed people increased by 322,000 between 2019 and 2020, from 1,107,000 to 1,429,000, which corresponds to an increase of 29%.

This rise, resulting from an increase of 224.000 unemployed people in urban areas and 98,000 in rural areas, was recorded exclusively among those who had lost their jobs.

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