The unemployment rate in Morocco increased to 10.5% in the first quarter of 2020 from 9.1% in the same period a year ago. The number of unemployed went up by 208 thousand to 1.292 million from 1.084 million in Q1 2019 while employed rose by 77 thousand to 10.96 million from 10.88 million. Agriculture, which employs more than half of the workforce, lost 134 thousand jobs. Meanwhile, the service sector created a total of 192 thousand jobs and the industry sector generated 23 thousand new positions. The jobless rate increased in both urban areas (15.1% vs 13.3% in Q1 2019) and rural areas (3.9% vs 3.1%). The highest rates were recorded among young people aged 15-24 (26.8% against 8.2% among people aged 25 and over) and people with a diploma (17.8% compared to 3.6% among people with no diploma).
Unemployment Rate in Morocco averaged 10.38 percent from 1999 until 2020, reaching an all time high of 15.10 percent in the third quarter of 1999 and a record low of 7.80 percent in the second quarter of 2006. This page provides - Morocco Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Haut Commissariat au Plan
Unemployment Rate in Morocco is expected to be 11.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Morocco to stand at 13.40 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 14.00 percent in 2021 and 14.60 percent in 2022, according to our econometric models.