Nominal unemployment rate in Mozambique estimated at 27 pct

19 December 2012

The current nominal unemployment rate in Mozambique is estimated at 27 percent of the active population and the formal economy, which is predominantly based in urban areas, accounts for 32 percent of all employment, according to figures from the World Bank cited by Mozambican newspaper Correio da Manhã.

The situation means that many new workers are forced into “marginal jobs” in the informal economy, both in rural and urban areas, “with few prospects of formal employment,” the World Bank said.

The Bank estimates, meanwhile, that around 300,000 new workers enter the labour market each year, at a time when the country’s rate of population growth – 2.8 percent – is one of the highest in the world. (macauhub)