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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We are getting poorer in SA – Unemployment will continue to increase as long as population growth exceeds economic growth – Time to induce birth control to reduce breeding and stop bulk of illegal aliens from African countries
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The publication of the most recent Quarterly Labour Force Survey by Statistics SA and its calculations that the number of unemployed people continues to increase have once again elicited strong opinions and calls that somebody must do something.
Reading the labour force and unemployment statistics together with the report on population growth that Stats SA published a few days earlier – and the statement of the SA Reserve Bank on interest rates a week earlier – creates an even gloomier picture.
Read: The South African disaster: No businesses for the unemployed
The labour force survey for the second quarter of 2019 shows that the economy added a paltry 25 000 jobs compared to a year ago, but that the labour force increased by 598 000 work seekers.
This means only a single job was available for every 24 people who entered the labour market during the last year.
The figures are even worse when taking a closer look at the different
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