South Africa’s matric class of 2019 has achieved impressive results, but may struggle to find work as the country faces constrained employment in 2020. John Botha, chief operation officer at Global Business Solutions, said that this is highlighted by the country’s current growth level. Using a labour elasticity formula he noted that for each 1%..
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Matric class of 2019 will struggle to find jobs – SA Youth unemployment rate rose to 58.2 percent in the third quarter of 2019
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Unemployment in SA is currently 27.6% – but the ANC regime tells voters how the figure is going to fall, they just have to vote for the party
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The South African economy started at a very bitter note this year with unemployment rising to 27.6%. This was 27.1% in the fourth quarter of 2018, but the ANC regime told voters how the figure was going to fall, they just had to vote for the party.
Extensive unemployment has risen to the highest level so far, 38%. It was previously 37%, which was already a record. By contrast, the number of unemployed increased by 3.7% to 6.3 million and the number of discouraged job seekers by 7.5% to nearly 3 million. This means that nearly 9.2 million South Africans of working age (aged 15-64) are not in school, do not study further and are not voluntarily unemployed (such as homemakers or early retired people). The number of unemployed has risen almost twice as fast as the number of working-age people, increasing by 1.6% to about 38.3 million.
The figures come from Statistics South Africa’s(SSA) quarterly employment survey (QLFS) for the first quarter of 2019
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