Egypt unemployment rate reaches 11.8 pct
CAIRO: Egypt’s unemployment rate reached 11.8 percent in the second quarter of 2011, down from 11.9 percent in the first quarter, but higher than last year’s 8.96 percent.
Despite the slight decrease in the actual statistic, Alaa Ezz, secretary general of the Federation of Egyptian Chambers, pointed out that the country will continue to see high unemployment figures.