Jobs Crisis in Morocco: 150,000 Jobs Lost
Morocco is facing a marked increase in unemployment, with the loss of 150,000 jobs, particularly impacting rural families. This observation, shared by MP Mahdi El Fatmi, highlights the gap between the Akhannouch government’s promises to create a million jobs and the reality of the job market.
The MP addressed a direct question to the Minister of Economic Inclusion and Employment, Younes Sekkouri, emphasizing that despite the increase in public investment, unemployment rates continue to rise. Sekkouri attributed this situation to climatic conditions, notably drought, which affected the agricultural sector, the pivot of rural employment.
Data for the first half of 2024 shows that while 96,000 jobs were generated in industry and services, these gains were offset by substantial losses in the rural sector. The statistics reflect a critical situation where industrialization efforts are not enough to compensate for fluctuations in the agricultural sector.
To respond to this crisis, the government plans to inject 14 billion dirhams into the 2025 employment budget, an unprecedented effort multiplying previous budgets by 14. One billion dirhams will be devoted to stabilizing jobs in rural areas, and 10 billion will go to small and medium-sized businesses to strengthen investments in the local economy.
Despite these budgetary efforts, the challenge remains significant: creating stable jobs in a market still dependent on climatic conditions.
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