The unemployment rate in Morocco rose to 11.9 percent in the fourth quarter of 2020 from 9.2 percent in the same period a year ago, partly due to the ongoing pandemic crisis. The number of unemployed went up by 322 thousand to 1.429 million while employed decreased by 433 thousand to 10.542 million. Among sectors, more jobs were shed in services (-107 thousand), agriculture & fisheries (-273 thousand), industry including handicrafts (-37 thousand) and construction (-9 thousand). The jobless rate rose more in urban centres (15.8 percent vs 12.9 percent in Q4 2019) than in rural areas (5.9 percent vs 3.7 percent), as farm income hinges on volatile rainfall levels, pushing more rural people to seek work in urban areas. Also, the youth unemployment rate went up to 31.2 percent from 24.9 percent a year ago. source: Haut Commissariat au Plan
Unemployment Rate in Morocco averaged 10.44 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 April of 2021.
Unemployment Rate in Morocco is expected to be 12.30 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 11.10 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 10.50 percent in 2022 and 10.00 percent in 2023, according to our econometric models.