Key Points:

  • The popular view that possession of a university degree no longer guarantees success in the job market is simply not true.
  • Over the past fifteen years, the number of degreed graduates in the labour force has more than doubled even as the graduate unemployment rate has fallen.
  • And, even after the financial crisis, graduate unemployment remains at around 5 per cent.
  • These are key findings of a new CDE Insight, graduate unemployment in South Africa: A much exaggerated problem.
  • As serious as the unemployment crisis is, there is one area where public perceptions of its extent are exaggerated. This is the claim that graduates face high and/or growing levels of unemployment.
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