The unemployment rate in Morocco decreased to 9.2 percent in the fourth quarter of 2019 from 9.5 percent in the same period a year ago. The number of unemployed went down by 30 thousand to 1.107 million while employed rose by 165 thousand to 10.975 million. Among sectors, more jobs were added in services (+267 thousand), construction (+24 thousand) and industry including handicrafts (+ 17 thousand), while agriculture & fisheries lost positions (-146 thousand). The jobless rate fell in urban centres (12.9 percent vs 13.8 percent in Q4 2018) but increased in rural areas (3.7 percent vs 3.6 percent), mainly due to the impact of drought on the agricultural sector. Also, the youth unemployment rate went down to 24.9 percent from 25.6 percent a year ago.
Unemployment Rate in Morocco averaged 10.39 percent from 1999 until 2019, 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. source: Haut Commissariat au Plan
Unemployment Rate in Morocco is expected to be 9.70 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 9.40 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 9.20 percent in 2021, according to our econometric models.