Note that these aren’t simply transient trends; the unemployment problem has been ongoing for decades! South Africa's unemployment rate rose to 30.8% in the third quarter of 2020 from 23.3% in the previous period, though below market expectations of 33.4%. At the same time as unemployment rates have been dropping, educational attainment has been rising. A handful of … TOP 10 BIGGEST MALLS IN SOUTH AFRICA; TOP 10 HIGHEST PAYING COMPANIES IN SOUTH AFRICA; Conclusion on the Causes of Unemployment in South Africa. Second-quarter figures released Tuesday show the number of unemployed rose by … In 2018, 76.9 million people over the age of 25 had a bachelor’s degree or higher, an increase of almost 20 million over the past 10 years. In the first quarter of 2020, the unemployment rate among Black South Africans reached 33.8 percent, marking a year-on-year change of 2.7 percent compared to the first quarter of 2019. This fact is meaningful, given South Africa’s appallingly high unemployment rate of over 25%. The economy High unemployment is a symptom of South Africa’s economic malaise. Youth unemployment is high, even in comparison with South Africa’s very high average unemployment rate of 34 percent. If unemployment is high because of mismatched skills, … The education system has to be questioned wholly. In what is compounding South Africa's social and economic problems, South Africa's unemployment rate is now at an all time high. South Africa says unemployment has reached its highest level in a decade at 29%. The figures are much higher than in quarter two and perhaps provide a clearer picture of how … In fact, considering the high levels of overall unemployment in the country, graduate unemployment is remarkably low. Southern Africa has highest unemployment rate in Africa Titled “Coping with the COVID-19 pandemic”, the report found that compared with other regions, “Southern Africa has the highest unemployment levels, averaging 12,5 percent between 2011 and 2019, followed by North Africa averaging 11,8 percent over the same period.” Brown's statement comes just over two weeks after Statistics South Africa indicated that Unemployment in South Africa has soared to 30.8% in the last three months. While insufficient economic growth is … In the second quarter of this year, South Africa's unemployment rate spiked to 29% from 27.6% in the first quarter, according to data released on Tuesday 30 July by Statistics South Africa… South Africa was already in recession and struggling with record-high unemployment before the pandemic. A career and job information platform known as PayScale has compiled a list of all bachelor degrees which have the highest earning potential, showing that STEM fields (science, technology, engineering, and mathematics) degrees will definitely get you onto the high-earners list. Among people under 35 the rate is about 53 percent – among the highest in the world. Yet widespread public misconceptions remain about the extent of graduate unemployment in South Africa. South Africa’s unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday, highlighting weakness in … South Africa’s unemployment rate reached a record high of 30.8% in the third quarter of 2020, Statistics South Africa announced on Thursday [November 12]. South Africa is a white country so only statistics and data from largely white formal economy count probably that is the reason why the unemployment figure is high… Since the 1950s, the number of people with less than a high school education has been cut in half. Solving South Africa`s unemployment problem won`t happen overnight, but in the same breadth, it shouldn’t take forever if changes can be made. The situation differs in South Africa. JOHANNESBURG – According to Statistics South Africa, the country’s unemployment rate has risen to its highest level since the third quarter of 2017.. South African unemployment rate hits 10-year record high South Africa faces an unemployment rate of 29% and well over half of its youth are unemployed, the country's statistics office said on Tuesday. In 2019, it had the world's highest youth unemployment rate, at 56% , … The above-listed cause breaks down when a particular country is far from full employment. Graduate unemployment in South Africa is neither high nor rising at an alarming rate. This trend is shown best by this study noting unemployment rates vs graduates of university degrees vs those with diplomas, and so on. In the results release, they showed that youth unemployment was highest irrespective of their level of education compared to older citizens in South Africa. The unemployment rate in South Africa rose to 30.8% in the third quarter of 2020, up from 29.1% recorded a year ago and an increase of 7.5% compared … The World Bank estimated its … It was the highest jobless rate since quarterly data became available in 2008, with more people searching for work amid the easing of lockdown restrictions. If you look at South African jobs paying the highest salaries, for example, you’ll notice that there are very few positions that would require a humanities degree. Why is a school day 6 hours, can the method of assessments change, are teaching methods relevant, how can language acquisition be improved in primary education levels, what can South Africa … Brown said it is further concerning that unemployment remains highest amongst the youth aged between 15 and 34 years. South Africa’s unemployment rate rose to 30.8 per cent between July and September, the highest level since 2008, according to government figures released Thursday. It's also one of the poorest countries. South Africa's unemployment rate struck a record high of 30.8% in the third quarter, a big jump from the previous quarter when figures were distorted by lockdown restrictions that prevented people from job-hunting, the statistics agency said on Thursday. As BusinessTech points out, “while the country’s unemployment rates sit at their highest levels in decades, there is a clear distinction between the unemployment rates across various education levels”. Graduate unemployment rates are low owing to the high demand for skilled labour. The fallacy of high and rising graduate unemployment. The unemployment rate in Africa’s most-industrialized economy has remained above 20% for at least two decades. I believe you agree with me that unemployment does more harm than good in society. Some college majors that lead to high-paying jobs also come with above-average unemployment rates – and that includes majors in fields like engineering, cognitive science, and the arts. Statistics South Africa’s results for the first quarter of 2019 showed an unemployment rate of 31% among graduates up to the age of 24. More than 40% of 15- to 24-year-olds grow up in houses without anyone in employment . … The emerging consensus regarding high and rising levels of graduate unemployment in South Africa in recent years has primarily been based on a select number of studies, all of which have serious shortcomings ranging from deficient definitions of “graduates” to the use of outdated, incomplete, or unrepresentative data. A quarter of century into democracy, South Africa has an official unemployment rate of 27.1 percent. Add to this declining taxes collected, increased government spending plans, increased state guarantees for state owned enterprises the latest unemployment numbers will add to South Africa's economic woes. Top 10 Highest Paying Degrees In South Africa 2019. Despite being a leading economy in sub-Saharan Africa, with almost 50% of unemployed youth, South Africa has one of the highest levels of youth unemployment in the region. 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