With South Africa facing a youth unemployment crisis, new research from recruitment firm Pnet gives insight into the nation’s youth job market. <\/p>\n\n\n\n
South Africa’s youth unemployment has often been flagged by government, business and civil society as a major inhibitor of growth,<\/p>\n\n\n\n
According to Stats SA’s employment statistics for Q1 2023, South Africa’s official unemployment rate grew from 32.7% in Q4 2022 to 32.9%. <\/p>\n\n\n\n
Over the last ten years, unemployment amongst graduates has jumped significantly from 5.5% recorded in Q1 2013 to 10.6% in Q1 2023. <\/p>\n\n\n\n
In addition, other tertiary education unemployment has jumped to 23.5%, nearly doubling from Q1 2013’s 11.9%. <\/p>\n\n\n\n
Although unemployment has skyrocketed over the last 10 years from 25% in Q1 2013 to 32.9% in Q1 2023, it is a major concern that unemployment amongst skilled, young South Africans is increasing. <\/p>\n\n\n\n
Amidst the youth unemployment crisis, many organisations and experts have tried to explain the phenonium. <\/p>\n\n\n\n