Morocco's unemployment rate in the second quarter drops to 8.5% latest information



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Morocco's unemployment rate fell to 9.5% at the end of June, returning to 8.5% at the end of June, thanks to job gains in urban areas that overshadowed losses in urban areas. rural areas, said the High Planning Commission of Morocco.

Cities created 132,000 jobs, while rural areas lost 125,000 jobs due to declining agricultural activity.

The Moroccan government is forecasting a 23 percent drop in rainfall this year, which will reduce grain yields by 5 percent to 5.2 million tonnes this year compared to last year.

However, job losses in the agricultural sector have been overshadowed by new jobs in the service and industry sectors.

The Planning Commission, an independent body of the government, expects Morocco's economic growth to slow to 2.7 percent in 2019 from 3 percent in 2018.

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