Unemployment in South Africa: Causes and Solutions Essay.
Since 2008 youth unemployment has been on the rise from 32.7% to 36.1% in 2014, this indicates that youth unemployment is much higher than the adult employment. The overall South African unemployment rate increased from 22% in 1994 to 25% in 2014, and the expanded unemployment rate for South Africa was 35% for both 1994 and 2014. Figure 2 Figure 3.
The economic welfare of any country depends on the rate of the economic growth. There are several determinants or the factors for the economic development of a country like industrialization, agriculture, population, employment etc., one of the major indicator for the economic growth is employment rate, as it has an adverse impact on the whole economy.
I’m from South Africa and we just had our SONA (State of the Nation Address) and 7 key points has been named as important. Land is the major issue but when the government talks about building a new city this does not solve the major problem for the unemployed because these jobs will only be created for the unemployed in the area they want to build.
Although youth unemployment is high, this does not necessarily make the causes of unemployment youth-specific; many of the causes of unemployment, such as poor infrastructure or insufficient educational qualifications, affect older and younger Africans alike. Approximately 200 million people in Africa are between the ages of 15 and 24.
South Africa has the highest youth unemployment rate amongst the other countries in the world. The Department of Statistics South Africa reported on Tuesday, that the unemployment rate increased.
Youth Unemployment Rate in South Africa decreased to 58.10 percent in the fourth quarter of 2019 from 58.20 percent in the third quarter of 2019. Youth Unemployment Rate in South Africa averaged 52.84 percent from 2013 until 2019, reaching an all time high of 58.20 percent in the third quarter of 2019 and a record low of 48.80 percent in the fourth quarter of 2014.
South Africa’s unemployment rate is one of the highest in the world. It is consistently measured above 20%. This is a national crisis that feeds two of the country’s other big socio-economic.