Best answer: Why is unemployment high in Morocco?

RABAT (Reuters) – Morocco’s unemployment rate rose last year to 11.9% from 9.2% in 2019, the planning agency said on Wednesday, citing the double impact of the COVID-19 pandemic and drought.

What causes unemployment in Morocco?

Joblessness is a structural problem with several factors driving it. Population is rising beyond the economy’s capacity to create jobs. There is insufficient decent-job creation in the private sector. The inadequate supply of skills by the education system is also a major hindrance to youth accessing the labour market.

Is unemployment a problem in Morocco?

As in most countries in the MENA region, unemployment is a major concern in Morocco, especially among university graduates. Between 2016 and 2018, the national rate of unemployment rose from 9.9 to 10.5 percent, according to Morocco’s High Commission for Planning (HCP).

What is Morocco’s unemployment rate?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Morocco unemployment rate for 2019 was 9.02%, a 0.06% decline from 2018. Morocco unemployment rate for 2018 was 9.08%, a 0.11% decline from 2017.

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Why was unemployment so high in 1933?

The first question is why was there such high unemployment in 1933. The answer is that the economy was not producing (because it could not sell) as much output as it was capable of producing. … This is because the umemployment rate represents what is not produced that could be produced.

What is the poverty rate in Morocco?

Poverty headcount ratio in Morocco 2018-2021. In 2021, the poverty rate was estimated to reach 3.6 percent in Morocco, a slight increase compared to 2020, when it was measured at 3.3 percent. Poverty is one of the major issues in Morocco, more so due to the impacts of the coronavirus (COVID-19) pandemic.

What is the unemployment rate in France today?

In 2020, the unemployment rate in France was around 8.34 percent.

France: Unemployment rate from 1991 to 2020.

Characteristic Unemployment rate
2019 8.43%
2018 9.06%
2017 9.4%
2016 10.06%

What is the most common job in Morocco?

Key sectors of the economy include agriculture, tourism, textiles, phosphate rock mining and processing, food canning, construction, energy, and subcomponents. The economy remains dependent on the state of the agricultural sector, in which 39.1% of the people working in Morocco are employed.

Does Morocco have a high unemployment rate?

RABAT (Reuters) – Morocco’s unemployment rate rose last year to 11.9% from 9.2% in 2019, the planning agency said on Wednesday, citing the double impact of the COVID-19 pandemic and drought.

Is Morocco in poverty?

Global Finance Magazine has ranked it as one of the poorest countries in the world. A considerable number of Moroccans are living below the poverty line. Out of the 35.2 million population of the country in 2018, some of them are poor and at risk of poverty.

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Is unemployment worse than the Great Depression?

Unemployment rate

The rate peaked at 25.6% during the Great Depression, in May 1933, according to NBER data. … That translates to an unemployment rate of 14.7% — its highest level since the Great Depression. (The statistic includes furloughed workers, or those on temporary layoff.)

How does unemployment lead to a depressed economy?

The contribution to the economy which can be made by employed people gets cancelled. It is a wastage of human resource and human capital. It increases the economic overload of the country. It increases poverty and makes the standard of living low as unemployed people have to adjust themselves to little earnings.

What is the black unemployment rate 2020?

In 2020, the unemployment rate of African Americans in the United States stood at 11.4 percent. This was over 1.4 times the national average of 8.1 percent.

Hai Afrika!