Egypt's unemployment remains high at 13.1% in Q3 2014: CAPMAS

Egypt’s unemployment rate shrank slightly in the third quarter (Q3) of 2014 by 0.2 percent to record 13.1 percent, state-run statistics body CAPMAS announced Saturday.
The reduction in unemployment, however, remains well above the 8.9 percent registered in the period ending 30 September in 2010 preceding the 2011 uprising that toppled President Hosni Mubarak.

According to CAPMAS, there are 3.6 million unemployed Egyptians nationwide. The country's labour force totals 27.6 million people.

More than 64 percent of unemployed people are aged between 15 and 29 and at least three quarters of the unemployed hold diplomas or university degrees.