Statistics SA reported on Monday that the unemployment rate dropped from the record high of 35.3 % in the fourth quarter of 2021 to 34.5% in the first quarter of 2022. SA’s jobless rate is nevertheless still among the highest in the world,” Parsons says. “The massive youth unemployment in SA also remains a big challenge and highlights the scale of what job-creating measures are needed to remedy the situation,” he adds. SA still needs to maximise the number of jobs created at any given growth rate,” he says. By Zintle NkohlaFollow Zintle Nkohla on TwitterFollow IT News Africa on Twitter

Source: The North Africa Journal May 31, 2022 13:02 UTC