On June 24th, Bloomberg News highlighted EFE’s high job placement rates in an article about youth unemployment and civil unrest in Egypt.
“Egypt’s Unemployed Target Mursi After Toppling Mubarak: Jobs” discussed the impact of Egypt’s record-high youth unemployment rate: 8 out of 10 Egyptians without jobs are under the age of 30. Among those, a quarter have university degrees, or higher.
EFE was cited as an organizing working to prepare what the author calls an “untrained” labor force.
“Education for Employment, a Washington-based nonprofit organization, offers training for young graduates from low-income backgrounds in the Arab world. It then seeks to find them jobs in industries such as retail, hospitality and banking, according to Chief Executive Officer Jamie McAuliffe…The placement rate -- about 3,000 people found jobs in the Middle East between 2006 and 2012 -- is almost 80 percent, he said.”
Bloomberg notes that creating jobs in the private sector is imperative for MENA countries, especially as budget deficits continue to rise. The article quotes a former Egyptian Finance Minister as saying that the public sector has been the main source of jobs historically in the region.