![\"Unemployment](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/01\/Unemployment-South-Africa.png\")
Unemployment in South Africa vs the world<\/p><\/div>\n
The rate of unemployment across the OECD nations has climbed significantly since the 2007\/08 global economic crisis, with 8 million more people without jobs.<\/p>\n
More than one in three of the unemployed have been out of work for a year or more – that is 13.3 million people – and the size of this group has increased by 55% since 2007, the group said.<\/p>\n
In South Africa, 65% of unemployed people have been without a job for over a year, and 34.5% of South Africa’s youth remain out of work and out of education – also the highest rate out of all countries assessed.<\/p>\n
South Africa also has low rates of employed women at 50.9% of the female population aged 25 – 54 (OECD average: 67.4%) as well as low rates of older people employed at 39.8% of the 55 – 64 age group (OECD average: 58.2%).<\/p>\n
More on unemployment<\/h3>\n
Unemployment a bigger scar than apartheid: \u2018racist\u2019 economist<\/a><\/strong><\/p>\n SA unemployment rate rises to 25.5%<\/a><\/strong><\/p>\n A way to combat South Africa\u2019s youth unemployment crisis<\/a><\/strong><\/p>\n