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Urban job market: Unemployment in UEMOA falls to 11.6%

23/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Les nouvelles données de la Banque centrale des États de l' Afrique de l' Ouest (BCEAO) mentionnent que la région de l' UEMOA in West Africa posted higher numbers on the labor market in the fourth quarter of 2024

as employment rebounded in urban areas.

The employment rate reached 53.8%, compared to 51.3% in the previous quarter, an increase of 2.5 percentage points. The decline was more pronounced for women, whose unemployment rate fell by 2.8 points to 14.6%, compared to a decrease of 1.2 points for men. The improvements UEMOA in the labor market are part of a GDP growth rate projected to 6.2% in 2024. The recovery in employment in cities reflects the growth in consumer services, construction, and informal retail.

Youth unemployment has also fallen significantly, with the rate of 15-24 year olds falling by 6.6 points to 20.6%, which suggests a seasonal recovery in employment and a targeted impact of policies. However, rural unemployment remains underestimated in the data, which is limited to urban centers

.
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