
Morocco’s unemployment rate edged upward in 2024, reaching 13.3% according to data released by the High Commission for Planning (HCP). This slight increase from the previous year’s figure of 13% can be attributed in part to the ongoing drought that has severely impacted the agricultural sector.
The prolonged dry spell, now in its seventh consecutive year, has devastated agricultural livelihoods, leading to significant job losses in the sector. The HCP reported a loss of 137,000 jobs in agriculture, a stark reminder of the vulnerability of the Moroccan economy to climate change.
Youth unemployment remains a significant concern, with the rate among young people reaching 36.7%, a slight increase from the previous year. Unemployment among graduates also rose slightly, reaching 19.6%, while the unemployment rate among women stood at 19.4%.
The government has acknowledged the gravity of the situation and announced a $1.4 billion stimulus package aimed at boosting job creation. This initiative focuses on supporting small and medium enterprises, promoting youth employment, and diversifying the economy to reduce reliance on agriculture. However, the effectiveness of these measures in addressing the root causes of unemployment and mitigating the social and economic impacts of the drought remains to be seen.
The rise in unemployment poses significant challenges for the Moroccan government. High unemployment rates can exacerbate poverty, increase social inequality, and contribute to social unrest. Addressing this issue requires a multifaceted approach that includes investing in education and skills development, promoting entrepreneurship, and creating a more resilient and diversified economy.