The unemployment rate in Morocco rose to 12.3% in the second quarter of 2020 from 8.1% in the same period a year ago. It was the highest jobless rate since the last quarter of 2003, as the Covid-19 pandemic and related measures that came with it affected severely the labour market. The number of unemployed went up by 496 thousand to 1.477 million while employed decreased by 589 thousand to 10.49 million. The most affected economic sectors were agriculture, forestry & fishing (-477 thousand), followed by industry (-69 thousand) and services (-30 thousand). The jobless rate increased in both urban areas (15.6% vs 11.7% in Q2 2019) and rural areas (7.2% vs 3%). Also, unemployment remained most prevalent among young people aged 15 to 24 (33.4%), university graduates (18.2%) and women (15.6%).
Unemployment Rate in Morocco averaged 10.40 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 October of 2020. source: Haut Commissariat au Plan
Unemployment Rate in Morocco is expected to be 13.40 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 14.00 in 12 months time. In the long-term, the Morocco Unemployment Rate is projected to trend around 14.40 percent in 2021 and 13.00 percent in 2022, according to our econometric models.