A Moroccan authority announced, on Monday, an increase in the rate
Unemployment in the country slightly to 13.6 percent during the third quarter of 2024.
The High Commission for Planning (governmental) stated in a statement that “the unemployment rate in the country rose to 13.6 percent during the third quarter of 2024, compared to 13.5 percent in the same period last year.”
The statement showed an increase in the number of unemployed the job
In the local market, by 58 thousand, bringing their number at the national level to one million and 683 thousand.
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According to the statement, the urban unemployment rate stabilized at 17 percent in the third quarter of 2024, compared to the same period last year.
While rural unemployment rose to 7.4 percent, up from 7 percent on an annual basis, and youth unemployment between the ages of 15 and 24 years reached about 39.5 percent.
The statement stated that “the labor market Moroccan
It created 231,000 job opportunities during the third quarter of 2024.
Last September, the Central Bank of Morocco decided to keep the interest rate unchanged at 2.75 percent, stressing that it is monitoring the development of economic and social conditions in the country and globally.
The Central Bank said, in a statement, that this decision comes “in light of the bank’s record of economic and social prospects surrounded by a high level of uncertainty related to the international level, especially the continuation of the war in Ukraine, and the escalation of the conflict in the Middle East.”
Regarding the local level, he explained that periods of drought and water stress constitute an obstacle to agricultural production and economic growth.
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Due to the deteriorating economic conditions and lack of job opportunities, Moroccan youth are eager to emigrate.
Last September, the Moroccan police repelled thousands of young people who were trying to reach the Spanish enclave of Ceuta from the city of Fnideq adjacent to it in the north of the Kingdom, after the spread of posts on social media inciting this.
The Moroccan Ministry of the Interior said that in the month of August alone, the authorities prevented more than 11,300 attempts to cross to Ceuta and about 3,300 attempts to cross to Melilla, the other Ghasbani enclave in northeastern Morocco.
