Unemployment In Egyptian Society

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Unemployment Unemployment is one from significant and series problems that faces Egyptian society nowadays. Unemployment occurs when a person who is actively searching for employment but is unable to find work. Unemployment is often used as a measure of the health of the economy which means if the number of unemployment people decreased that will lead to get high efficiency and sufficient economical attitude, activates, and results. Major types of unemployment cyclical, frictional, and structural. Cyclical unemployment occurs as economy experiences many ups and downs in shape of cycles. Frictional unemployment occurs because of the normal turnover in the labour market and the time it takes for workers to find new jobs. Structural unemployment…show more content…
According to (CAPMAS, 2013) report, Egypt’s total labour force amounts to 27.2 million, a 4.2% increase compared to the same quarter in 2010. The report also mentioned that youth constitutes 70.8% of the total unemployed, with around 10.6% aged between 15 and 19, and 20.9% ranging between 25 and 29 years old. The majority of the unemployed youth were found in the 20 to 24 year-old tranche, of which 39.3% were jobless. Youth issues and particularly youth unemployment became a global concern that government must give much more attention by that countries will improve and develop by themselves with no need for foreigners to interfere in society. The government policies and the incompatibility of both the levels of education and training with market needs are main reasons behind unemployment in Egypt. Therefore, issues are framed in aggregate demand, rate of economic growth, interest rates, and from another side educational system does not help student to build skills, personality to be able to develop and…show more content…
Job opportunities have grown by a slow rate in Egypt compared to the growth rate of population. Moreover there are some areas with excess labor force while some regions have a scarcity of labor. Monetary policy and fiscal policy refer to the two most widely recognized "tools" used to influence a nation's economic activity. Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks such as the Federal Reserve. Fiscal policy is the collective term for the taxing and spending actions of governments. The government must give attention for these two highly important policies because dealing with them will back with great benefits to the economical and unemployment issues. Fiscal policy can decrease unemployment by helping to increase aggregate demand and the rate of economic growth. The government should seek after expansionary fiscal policy, this includes cutting taxes and expanding government spending. Lower taxes build disposable income. Egypt stimulus investment by €3.1bn in infrastructure development projects, Global Arab Network, published in partnership with Oxford Business Group (Oxford Business Group, 2010). Monetary policy involve in cutting interest rates. Lower

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