Unemployment rate falls in Morocco
2007-11-09
The rate of unemployment in Morocco dropped to 9.9% in the third quarter of 2007, from 10.1% percent in the same period last year, according to figures released Thursday (November 8th) by the High Planning Commission. All 132,000 jobs created in this period were in cities, in services and construction, while the farming sector lost 20,000 jobs.
Moroccan Economy and Finance Minister Salaheddine Mezouar said that to create wealth-generating activities and job opportunities, achieve a growth rate of 6.8% in 2008 and contain the budgetary deficit despite global financial turmoil, the cabinet plans to speed up the pace of large-scale projects, MAP reported.
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