May 15, 2018 / 7:49 AM / 5 months ago

Egypt unemployment rate falls to 10.6 pct in Q1 - CAPMAS

CAIRO, May 15 (Reuters) - Egypt’s unemployment rate dropped to 10.6 percent in the first quarter of the year, down from 12 percent a year earlier, state statistics agency CAPMAS said on Tuesday.

The rate has been steadily dropping in recent months amid a programme of economic reforms.

President Abdel Fattah al-Sisi has promised to cut the rate to 10 percent over the next few years, a target that will require higher levels of economic growth.

Reporting by Ehad Farouk, writing by Sami Aboudi

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