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Egypt jobless rate slips below 12%


Egypt’s unemployment rate dipped below 12 per cent in the second quarter, the first time it has been that low since the political uprising of 2011.

Nearly 80 per cent of those unemployed were young, however.

Official statistics agency CAPMAS said on Tuesday the rate dipped to 11.98 per cent from 12 per cent the previous quarter. This was slightly higher than expected by government.