Statistics South Africa (Stats SA) released the Quarterly Labour Force Survey (QLFS) on Tuesday, which showed that the increasing unemployment rate is due to more people joining the labour force, as economists expected. According to Stats SA, one million more people joined the labour force.
What is the primary reason for unemployment amongst the South African youth?
Although there are various reasons for youth unemployment such as population growth, lack of experience, inappropriate ways of searching for a job, and lack of career guidance in schools, the unemployment rate for first-time job-seekers in South Africa is unacceptably high.
Does South Africa have high unemployment?
UPDATE 1-South Africa’s unemployment rate reaches new record high in first quarter. PRETORIA, June 1 (Reuters) – South Africa’s unemployment rate rose to a new record high of 32.6% in the first quarter of 2021 from 32.5% in the final quarter of 2020, the statistics agency said on Tuesday.
What are the main reasons of unemployment in South Africa?
This is one of the most serious socio-economic dilemmas that are faced by the country in the modern history. The essay aims to discuss the three main reasons of unemployment in South Africa. In addition, it seeks to find out the solutions to prevent the progression of unemployment scenarios in the country.
What do you call people who are unemployed in Africa?
In short, they are called “Discouraged Workers”. Despite unemployment being a global phenomenon, the African continent suffers the most from unemployment.
How to get rid of unemployment in South Africa?
Strict enforcement of the law and increasing fines can control any abusive and unacceptable practices that can intimidate repeat offenders that control unemployment in South Africa. Education is still one of the best solutions for a person to become productive such as having a good job after they have obtained a degree.
What was the unemployment rate in South Africa in 2008?
The lowest rate of unemployment within this period was in 2008, where the unemployment rate was 21.50 %. While in 2002, Unemployment was at its peak with an estimated value of 33.47 %.
