Morocco Grapples with Rising Unemployment as Job Losses Soar
In the second quarter of 2024, Morocco witnessed a staggering 82,000 job losses, including 141,000 in rural areas, according to the Directorate General of Studies and Financial Forecasts. This alarming trend follows a similar pattern from the previous year, with 86,000 job losses reported during the same period.
Prime Minister Aziz Akhannouch has acknowledged the severity of the crisis and stressed the urgency of increasing investment and creating more jobs to tackle the rising unemployment rate. However, economic analysts like Mohamed Jedri and Idriss El Fenni have expressed concerns about the government’s current policies and their effectiveness in addressing the job losses.
Jedri highlighted the impact of severe droughts on the agricultural sector, the primary employer in rural areas, and recommended the development of seawater desalination plants to stabilize agricultural productivity. El Fenni emphasized the importance of conducting thorough research to reduce rural dependency on agriculture and proposed targeted employment policies for job creation.
In light of these challenges, the government faces mounting pressure to implement sustainable measures, support small businesses, improve financing access, and distribute investments equitably across regions to combat the growing unemployment crisis effectively.
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