The Moroccan economy witnessed a significant job creation rebound in 2024, according to the High Commission for Planning (HCP). Following a loss of 157,000 jobs in the previous year, the economy created an estimated 82,000 jobs in 2024.
These findings were revealed in the preliminary results of the seventh General Population and Housing Census (RGPH) conducted by the HCP in September 2024. The census also revealed a slight slowdown in population growth, with the total population estimated at nearly 37 million inhabitants.
The service sector emerged as the primary driver of job creation, contributing 160,000 new jobs, primarily in trade, social services, and finance. The industrial sector also witnessed a positive trend, generating 46,000 new jobs.
However, the agricultural sector experienced a significant job loss of 137,000, primarily in rural areas.
The report also analyzed employment trends by type. While paid employment increased by 177,000 jobs, unpaid employment declined by 95,000.
The activity rate remained relatively stable, increasing marginally from 43.6 percent to 43.5 percent. However, the employment rate decreased slightly from 38 percent to 37.7 percent.
These findings indicate a positive shift in the Moroccan job market, with the service sector playing a crucial role in driving economic growth and job creation.
Morocco witnessed a significant job creation rebound in 2024, with an estimated 82,000 new jobs created. The service sector emerged as the primary driver of job growth. The agricultural sector experienced a significant job loss. The report highlights a slight slowdown in population growth.
These findings provide valuable insights into the evolving dynamics of the Moroccan labor market and will inform policy decisions aimed at further strengthening economic growth and creating sustainable employment opportunities.
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