Egypt’s unemployment rate remained unchanged in the fourth quarter of 2013, as shown in the graph, at 13.4 percent of a labor force of 27.3 million people, according to state-run statistics body CAPMAS. 69 percent of unemployed people were aged between 15 and 29, and more than 82 percent of those young people held diplomas and university degrees. This high unemployment rate reflects an ongoing slowdown in economic activities.
After studying the unemployment rates in Egypt and the gap between the market demand and unemployed labor, AYB-SD decided to focus primarily on the unemployed with an intermediate level of education (high school and vocational diplomas), due to their extremely large share of unemployment in Egypt faced with low market demand. In addition, a special focus is put on those with above intermediate and university levels of education, mainly whom have graduated with a degree that is not in demand in the labor market, or exceeding the market capacity to help them access job market and match their skills with the employers requirements.
AYB-SD provides its services through four main programs, in efforts to resolve the previously mention problems. These programs are; Micro-finance, Training for Employment, Education and Awareness, and Outreach and Replication.