April 16, 2018 / 11:08 AM / 5 days ago

Egypt's unemployment rate dips to 11.8 pct in 2017 -CAPMAS

CAIRO, April 16 (Reuters) - Egypt’s unemployment rate dropped to 11.8 percent in 2017 from 12.5 percent the year before, state statistics agency CAPMAS said on Monday.

President Abdel Fattah al-Sisi has said he will cut unemployment to 10 percent over the next few years, a target that will require higher levels of economic growth (Reporting by Eric Knecht Editing by Robin Pomeroy)

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