Unemployment

Advertisement


In the fourth quarter of 2021, the rate of unemployment among youth stood at a staggering 66.5%. It is widely believed that entrepreneurship is key to improving the lives of youth.  

 


The launch of a brand new skills training centre in Kwa-Mhlanga, Mpumalanga represents a beacon of hope for young people in the province. This could allow them to develop critical skills that could improve their lives.

 


While obtaining a tertiary education qualification increases your chances of finding a job in South Africa, it does not guarantee you will find employment. The government has committed to placing unemployed graduates.


President Cyril Ramaphosa said the triple challenge of unemployment, poverty and inequality needs to be addressed in South Africa. And while millions remain unemployed, marginal gains in tackling unemployment were made as the unemployment rate declined.

 


The economic and social consequences brought about by unemployment could negatively impact the growth of an entire country.


In the final months of 2021, South Africa’s unemployment rate rose to 35.3%, meaning that more than one in every three people living in the country are unemployed.

 


The unemployment rate in South Africa increased during the final months of 2022 painting a grim picture of the job losses experienced by the country's population. 


More than half a million jobs were lost in the third quarter of 2021 according to Statistics South Africa (Stats SA). 


The unemployment stats released by Statistic South Africa paints a grim picture. More than 2 million people have lost their jobs due to the Covid-19 pandemic. The situation faced by South Africans is made worse by the rising cost of living, increasing inflation rate and rising petrol prices.


Deputy President David Mabuza has vowed to work with various stakeholders in the economy to tackle youth unemployment in South Africa. This comes after StatsSA revealed that 34% of the countries citizens are without a job.


The unemployment rate has reached its highest number since 2008. According to the Quarterly Labour Force Survey (QLFS), the unemployment in South Africa has reached 34.4% on the second three months of 2021.


With a record high unemployment rate of 43.2% recorded in the first quarter of 2021[1], and lockdown destroying 42.7%[2] of small businesses in South Africa, it is a clear signal that the backbone of our country’s frail economy is weakening.


Millions of South Africans are unemployed, bringing the national unemployement rate to a new high. 


Widespread unemployment among South African youth paints a bleak picture but there
are pockets of opportunity that give young people - who don’t have tertiary
education or extensive work experience- the chance to succeed.


A job readiness programme has been launched for unemployed youth who
want basic skills training. The two-month long programme is accredited by the
Services Seta.


The importance of attaining a higher education has a twofold significance that
can both directly and indirectly address these issues of unemployment and
retrenchment says Natalie Rabson.


South Africa?s unemployment rate rose to 25.2% in the first quarter of 2014,
up from the 24.1% in the fourth quarter of 2013, according to Statistics South
Africa (Stats SA).


Relying on government to deliver jobs is not the only answer to SA?s youth
unemployment problem. Young people need to take ownership of their own
careers and the careers sa website is a good place to start.


A slowdown in job growth in the hospitality and tourism sector will have
heavy
repercussions for young people. Gillian Saunders discusses the implications
of
companies who are doing more with less.


A hungry nation cannot prosper economically, and with three million of
South
Africa?s children going hungry, we need to join together to make sure that
their tummies are filled.

Advertisement


Advertisement


Advertisement



Advertisement




Advertisement


Advertisement