Question: What Is The Current Youth Unemployment Rate In South Africa?

What is the recent rate of youth unemployment in South Africa?

2.5 MILLION YOUTH UNEMPLOYED IN Q2 2020 In April to June 2020, 2.5 million young people aged 15 to 34 were unemployed in South Africa, according to Statistics South Africa.

The age group’s unemployment rate was 34.1%..

What type of unemployment does South Africa suffer from?

structural unemploymentIn South Africa, structural unemployment is becoming an ever increasing problem. Each year, the number of economically active people entering the labour force increases, but the number of availablejohs is diminishing.

How do you overcome youth unemployment?

4 Ways to Reduce Youth UnemploymentIncrease student exposure to jobs that are in demand—as well as providing a better understanding of industry needs. … Postsecondary partnerships. … Industry-focused skills programs for students. … Better align workforce demand with college instruction.

What is the unemployment rate today 2020?

The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.

What country has the highest unemployment rate 2020?

By September 2020, the unemployment rate decreased to 7.9%….Here are the 10 countries with the highest rates of unemployment:Senegal (48.00%)Haiti (40.60%)Kenya (40.00%)Djibouti (40.00%)Republic Of The Congo (36.00%)Marshall Islands (36.00%)Namibia (34.00%)Kiribati (30.60%)More items…

What are the cause of youth unemployment?

Youth unemployment rate statistics skewed by relatively higher numbers in education. Young workers least qualified with lowest levels of relevant skills. Therefore, less employable. … Young people who are unemployed – find it hard to break the cycle of no job – therefore no experience – therefore hard to get a job.

What is the current unemployment rate in South Africa 2020?

28.48%South Africa: Unemployment rate from 1999 to 2020Unemployment rate202028.48%201928.18%201826.92%201727.07%9 more rows•Nov 3, 2020

Why is the youth unemployment rate so high in South Africa?

Inadequate education and lack of productivity is costing jobs. Unemployment increases progressively with decreased educational levels; and the education system is not producing the skills for the labour market. Labour supply is affected by the increase in the number of job seekers over the years.

What are the 5 causes of unemployment?

A look at the main causes of unemployment – including demand deficient, structural, frictional and real wage unemployment….Main types of unemploymentOccupational immobilities. … Geographical immobilities. … Technological change. … Structural change in the economy. … See: structural unemployment.

What is South Africa’s productivity rate 2020?

South Africa Labour Productivity improved by 4.73 % YoY in Sep 2020, compared with a drop of 4.86 % in the previous quarter. South Africa Labour Productivity Growth data is updated quarterly, available from Mar 2009 to Sep 2020, averaging at 0.01 %.

Is youth unemployment a problem?

But getting to work is not just a problem for young people, in fact, high youth unemployment is everyone’s problem. The disproportionately high rate of youth unemployment presents an opportunity cost of $4.5 billion to the economy.

Why is youth unemployment so high?

Reasons for youth unemployment This is for two main reasons. Firstly, young people often have little or no labour market experience, and frequently lack relevant skills. Secondly, businesses face higher costs of investment and lower costs of termination when employing young workers.

What is the working age in South Africa?

15 yearsThe former convention sets the general minimum age for admission to employment for work at 15 years and the minimum age for hazardous work at 18 (16 under strict conditions).

Which province has the highest unemployment rate in South Africa?

The summary below shows the unemployment rate for South Africa and all its provinces for the 2nd quarter of 2019.Free State: 34.4%North West: 33.0%Gauteng: 31.1%Northern Cape: 29.4%South Africa: 29.0%KwaZulu Natal: 26.1%Western Cape: 20.4%Limpopo: 20.3​%More items…•

What are the four reasons for youth unemployment?

Causes. There are multiple and complex causes behind youth unemployment. Among them, the quality and relevance of education, inflexible labour market and regulations, which in turn create a situation of assistance and dependency, are the main causes discussed today.