JOBS

07 Apr 2016, by Admin

At 35 per cent, South Africa’s unemployment rate is among the highest in the world. A much more useful indicator of the degree to which an economy is providing its citizens with productive work is the proportion of the working-age population that is in employment.

The global norm is for three out of five adults to be in work. In South Africa, the figure is two out of five – a third lower than the global average. The implications are far-reaching: if South Africa had the same number of jobs per adult as the rest of the world, nearly 6 million more people would be working.

South Africa’s missing 6 million jobs lie behind the country’s most pressing problems: our stubbornly high levels of poverty and inequality, our many social crises, and our increasingly tense and dysfunctional politics. Ultimately, though, the 6 million missing jobs represent tragedies of unfulfilled human potential. On current trajectories, things will only get worse: as the National development Plan (NDP) calculated in 2012, population growth means that to get to 60 per cent employment by 2030, South Africa would need to create 11 million new jobs.

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  Categories: Jobs and Growth, Publications