Unemployment rate drops to 8.10 percent in Morocco
Morocco, Economics, 5/11/2005

Unemployment rate in Morocco has fallen in 2004 to 8.10pc against 11.4pc in 2003, announced on Saturday Minister of Labor and Vocational training, Mustapha Mansouri, on the occasion of the Labor Day.

In a televised speech, he said the government policy currently focuses on encouraging investments, improving working conditions of enterprises and supporting youth labor.

To promote youth labor, Mansouri explained, the government has set up a program of complementary training that allowed 20,000 graduates in 2004 to join the labor market. He added that in the same year 730 enterprises were created, generating 2670 jobs.

The minister deemed that the implementation of the Labor Code in June 2004 had a positive impact especially on social dialogue, as the number of strikes dropped from 440 in 2000 to 2004.

According to Mansouri, the living conditions of workers have also improved thanks to the services provided by the national social security fund (CNSS) to over 1.6 million workers, for a total of MAD 6.6 billion (around USD 776 million) in 2004.

He added that a strategic plan was adopted for 2004-2006 to cover 2 million workers by the end of 2005 through the modernising of CNSS and its management methods.

Previous Stories:
  Moroccan economic growth 'insufficient' for job opportunities, WB official   (4/20/2005)
  Moroccan economy generated 757,000 jobs in last four years   (3/17/2005)
  Macro-economic situation in Morocco 'healthy', official   (2/15/2005)

Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.

Search