{"id":125145,"date":"2016-05-31T11:43:49","date_gmt":"2016-05-31T09:43:49","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=125145"},"modified":"2016-05-31T15:08:38","modified_gmt":"2016-05-31T13:08:38","slug":"south-africas-unemployment-rate-vs-the-world","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/125145\/south-africas-unemployment-rate-vs-the-world\/","title":{"rendered":"South Africa’s unemployment rate vs the world"},"content":{"rendered":"

South Africa’s unemployment rate has been ranked as the worst in the world in a new global competitiveness report.<\/p>\n

The IMD Global Competitiveness Report puts South Africa at 61st out of 61 countries for its unemployment figures, while SA also ranks poorly for a number of matters relating to labour.<\/p>\n

In April, Stats SA revealed that unemployment in the first quarter of 2016 was up at 26.7% – 2.2 percentage points higher than the previous quarter.<\/p>\n

This was reflective of over 355,000 jobs that were lost between the two quarters, the stats body said.<\/p>\n

According to data from the International Labour Organization, South Africa’s 2016 unemployment rate of 26.7% puts it in the bottom 10 countries in the world.<\/p>\n

According to the ILO South Africa ranks as the 9th worst country for employment in the world,\u00a0but is the lowest-ranked country with a mature and developed economy.<\/p>\n

Taking population numbers into account, South Africa is the only high population country in the bottom 10, with a population of 55 million people.<\/p>\n

The next closest high population country on the list is Spain.<\/p>\n

Top 20\u00a0worst countries for employment<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nCountry<\/th>\nPopulation (Total)<\/th>\nUnemployment rate (Working population, 15+)<\/th>\n<\/tr>\n
1<\/td>\nDjibouti<\/td>\n899 598<\/td>\n53.0%<\/td>\n<\/tr>\n
2<\/td>\nSolomon Islands<\/td>\n594 934<\/td>\n34.9%<\/td>\n<\/tr>\n
3<\/td>\nMauritania<\/td>\n4 166 463<\/td>\n31.1%<\/td>\n<\/tr>\n
4<\/td>\nReunion<\/td>\n867 214<\/td>\n30.0%<\/td>\n<\/tr>\n
5<\/td>\nGambia<\/td>\n2 054 986<\/td>\n29.9%<\/td>\n<\/tr>\n
6<\/td>\nBosnia and Herzegovina<\/td>\n3 802 134<\/td>\n29.4%<\/td>\n<\/tr>\n
7<\/td>\nMacedonia<\/td>\n2 081 012<\/td>\n28.1%<\/td>\n<\/tr>\n
8<\/td>\nLesotho<\/td>\n2 160 309<\/td>\n28.0%<\/td>\n<\/tr>\n
9<\/strong><\/td>\nSouth Africa<\/strong><\/td>\n54 978 907 <\/strong><\/td>\n26.7%<\/strong><\/td>\n<\/tr>\n
10<\/td>\nGuadeloupe<\/td>\n470 547<\/td>\n26.4%<\/td>\n<\/tr>\n
11<\/td>\nSwaziland<\/td>\n1 304 063<\/td>\n25.4%<\/td>\n<\/tr>\n
12<\/td>\nPalestine<\/td>\n4 797 239<\/td>\n25.3%<\/td>\n<\/tr>\n
13<\/td>\nNamibia<\/td>\n2 513 981<\/td>\n24.7%<\/td>\n<\/tr>\n
14<\/td>\nGreece<\/td>\n10 919 459<\/td>\n24.6%<\/td>\n<\/tr>\n
15<\/td>\nFrench Guiana<\/td>\n275 688<\/td>\n24.4%<\/td>\n<\/tr>\n
16<\/td>\nMartinique<\/td>\n396 364<\/td>\n23.4%<\/td>\n<\/tr>\n
17<\/td>\nMozambique<\/td>\n28 751 362<\/td>\n22.1%<\/td>\n<\/tr>\n
18<\/td>\nSpain<\/td>\n46 064 604<\/td>\n21.5%<\/td>\n<\/tr>\n
19<\/td>\nLibya<\/td>\n6 330 159<\/td>\n20.6%<\/td>\n<\/tr>\n
20<\/td>\nGabon<\/td>\n1 763 142<\/td>\n20.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

On the other side of the listing, the ILO sees Qatar as having the lowest unemployment rate. However, Qatar has controversial labour laws which is seen by global bodies as being a form of modern-day slavery.<\/p>\n

In that case, the statistics likely refer to Qatar citizens, and not the “slave labour” population, which would not be counted.<\/p>\n

Other nations with low unemployment rates include Thailand, Cambodia, Bahrain and Burundi. In many of these cases, the employment rates are not necessarily a reflection of “all is well” as the measurements used by the respective governments may skew the results.<\/p>\n

In Thailand, for example, many workers are ‘underemployed’ working minimal hours, while many others are informally employed.<\/p>\n

These are the 10 best countries for employment<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nCountry<\/th>\nPopulation<\/th>\nUnemployment rate<\/th>\n<\/tr>\n
1<\/td>\nQatar<\/td>\n2 291 368<\/td>\n0.3%<\/td>\n<\/tr>\n
2<\/td>\nCambodia<\/td>\n15 827 241<\/td>\n0.6%<\/td>\n<\/tr>\n
3<\/td>\nBenin<\/td>\n11 166 658<\/td>\n1.1%<\/td>\n<\/tr>\n
4<\/td>\nThailand<\/td>\n68 146 609<\/td>\n1.1%<\/td>\n<\/tr>\n
5<\/td>\nBurundi<\/td>\n11 552 561<\/td>\n1.3%<\/td>\n<\/tr>\n
6<\/td>\nLaos<\/td>\n6 918 367<\/td>\n1.6%<\/td>\n<\/tr>\n
7<\/td>\nGuinea<\/td>\n12 947 122<\/td>\n1.7%<\/td>\n<\/tr>\n
8<\/td>\nMacau, China<\/td>\n597 126<\/td>\n1.8%<\/td>\n<\/tr>\n
9<\/td>\nBrunei Darussalam<\/td>\n428 874<\/td>\n1.9%<\/td>\n<\/tr>\n
10<\/td>\nVietnam<\/td>\n94 444 200<\/td>\n2.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

More on unemployment<\/h3>\n

High unemployment in SA is apartheid\u2019s fault: Zuma<\/a><\/strong><\/p>\n

Radical transformation will solve SA unemployment: Black Business Council<\/a><\/strong><\/p>\n

Massive jump in South African unemployment rate<\/a><\/strong><\/p>\n

These are South Africa\u2019s biggest strengths and weaknesses<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa’s unemployment rate has been ranked as the worst in the world in a new global competitiveness report.<\/p>\n","protected":false},"author":10,"featured_media":98829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,1],"tags":[26,3651],"class_list":["post-125145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-trending","tag-headline","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=125145"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125145\/revisions"}],"predecessor-version":[{"id":125227,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125145\/revisions\/125227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/98829"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=125145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=125145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=125145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}