Sun, 09 May 2021

Morocco's unemployment rate up to 12.5 pct in Q1

Xinhua
04 May 2021, 02:05 GMT+10

RABAT, May 3 (Xinhua) -- Morocco's unemployment rate rose to 12.5 percent in the first quarter of 2021, from 10.5 percent during the same period last year, the official High Commission for Planning revealed on Monday.

The number of the unemployed grew by 242,000 to about 1,534,000, it said, adding that unemployment rate stood at 17.1 percent in urban areas during the first quarter, compared to 5.3 percent in rural areas.

The unemployment rate among women registered a sharp increase by 3.2 percent to 17.5 percent, while it reached 32.5 percent among young people aged 15 to 24.

Morocco's gross domestic product (GDP) shrank by 7.1 percent in 2020 due to the COVID-19 pandemic.

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