CLAIRE BISSEKER: When it comes to job creation, SA is going backwards
Unless the root causes of unemployment are dealt with it may contribute towards a failed state
04 April 2022 - 14:12
As the years have rolled by and SA has failed to dent its sky-high unemployment rate, an air of hopelessness has taken hold. Last week you could almost hear the collective sigh of despair when the unemployment rate hit a record 35.3%, up from 34.9%.
Though the economy is only 1.8% smaller in real terms than before Covid-19, employment remains 1.8-million jobs below its prepandemic level. Fewer than 10-million people are formally employed; three-quarters of young people are unable to find work...
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