{"id":800806,"date":"2024-11-23T15:00:00","date_gmt":"2024-11-23T13:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=800806"},"modified":"2024-11-22T15:07:33","modified_gmt":"2024-11-22T13:07:33","slug":"south-africans-under-25-in-serious-trouble","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/800806\/south-africans-under-25-in-serious-trouble\/","title":{"rendered":"South Africans under 25 in serious trouble"},"content":{"rendered":"\n<p>South Africa faces a youth unemployment crisis of alarming proportions, with the latest statistics painting a grim picture of the country&#8217;s future workforce. <\/p>\n\n\n\n<p>The unemployment rate for people aged 15 to 24 years has reached an unprecedented 60.2%, placing young South Africans among the most economically marginalised populations globally. <\/p>\n\n\n\n<p>For those aged 25 to 34 years, the situation is slightly less dire but still deeply concerning, with 40.4% unemployed. <\/p>\n\n\n\n<p>This crisis is compounded by the country\u2019s overall unemployment rate of 32.1% at the end of Q3 2024, starkly higher than the global average of 5.1%.<\/p>\n\n\n\n<p>The implications of such figures extend far beyond immediate economic hardships, with experts warning of long-term consequences for both individuals and the broader society. <\/p>\n\n\n\n<p>\u201cSouth Africa\u2019s youth unemployment is a ticking time bomb,\u201d said Miriam Altman, an economist and former commissioner at the National Planning Commission. <\/p>\n\n\n\n<p>\u201cA 60% youth unemployment rate indicates not just a failure of job creation but a systemic breakdown in the ability of the economy to absorb its youngest entrants into the labour market.\u201d<\/p>\n\n\n\n<p>Globally, South Africa\u2019s youth unemployment figures are an outlier. <\/p>\n\n\n\n<p>Even in countries with high overall unemployment, rates among young people rarely exceed 30% or 40%.<\/p>\n\n\n\n<p>In comparison, South Africa\u2019s rate more than doubles that of many emerging markets and significantly surpasses advanced economies. <\/p>\n\n\n\n<p>This disparity underscores the depth of structural challenges in South Africa, including skills mismatches, sluggish economic growth, and a lack of targeted policies to address youth employment.<\/p>\n\n\n\n<p>The Quarterly Labour Force Survey for July to September 2024 reveals the sheer scale of this problem.<\/p>\n\n\n\n<p>Out of South Africa\u2019s 21 million people under the age of 35\u2014roughly half the working-age population\u2014only six million are employed. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Unemployment-youth-768x768-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Unemployment-youth-768x768-1.png\" alt=\"\" class=\"wp-image-800830\" style=\"width:532px;height:auto\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Unemployment-youth-768x768-1.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Unemployment-youth-768x768-1-300x300.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Unemployment-youth-768x768-1-150x150.png 150w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/a><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Moreover, geographical disparities exacerbate the crisis. <\/p>\n\n\n\n<p>The Western Cape, for instance, consistently reports the lowest unemployment rates, currently below 30%, and stands as a stark contrast to provinces like the Eastern Cape, North West, and Free State, where unemployment rates hover between 36% and 37%. <\/p>\n\n\n\n<p>These regional disparities highlight how local economic conditions and governance play a role in shaping employment outcomes.<\/p>\n\n\n\n<p>However, unemployment statistics only tell part of the story. <\/p>\n\n\n\n<p>A significant portion of South Africa\u2019s working-age population\u201440%\u2014is classified as not economically active, including students, homemakers, and discouraged job seekers. <\/p>\n\n\n\n<p>Among these, discouraged work seekers are particularly notable, as they reflect individuals who have given up searching for work due to repeated failures. <\/p>\n\n\n\n<p>This group accounts for approximately 20% of the not economically active population. <\/p>\n\n\n\n<p>Provinces such as Limpopo and Mpumalanga have the highest proportion of discouraged work seekers at around 30%, while the Western Cape has the smallest share at 10%.<\/p>\n\n\n\n<p>The inclusion of discouraged work seekers in calculating the expanded unemployment rate reveals an even bleaker reality: 41.9% of the labour force, when expanded to include those who have stopped seeking jobs, is unemployed.<\/p>\n\n\n\n<p>This figure illustrates the pervasive hopelessness surrounding job prospects in many parts of the country.<\/p>\n\n\n\n<p>Youth unemployment is not just an economic issue but also a social one, with far-reaching consequences for crime, mental health, and societal stability. <\/p>\n\n\n\n<p>According to a report by the International Labour Organization (ILO), countries with persistently high youth unemployment rates risk creating a &#8220;lost generation,&#8221; where young people fail to gain the skills and experience needed for future opportunities. <\/p>\n\n\n\n<p>In South Africa\u2019s case, the high unemployment rate further entrenches inequality and perpetuates cycles of poverty.<\/p>\n\n\n\n<p>Efforts to address the crisis have so far fallen short. <\/p>\n\n\n\n<p>Government programs aimed at job creation, such as the Expanded Public Works Programme and youth-targeted initiatives, like the Presidential Employment Stimulus, have been unable to counterbalance the growing number of unemployed youth.<\/p>\n\n\n\n<p>Experts argue that more systemic reforms are required, including a stronger focus on improving the quality of education and vocational training to align with market demands, as well as fostering an entrepreneurial culture.<\/p>\n\n\n\n<p>As the country continues to grapple with this daunting challenge, the stakes could not be higher. <\/p>\n\n\n\n<p>South Africa\u2019s youth unemployment crisis is a critical barometer of its economic health and social cohesion. <\/p>\n\n\n\n<p>Without urgent and effective interventions, the country risks further marginalising its youth and squandering the potential of the next generation.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/government\/800459\/triple-blow-for-teachers-in-south-africa\/\">Triple blow for teachers in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More people under 25 in the working-age population are unemployed than working in South Africa.<\/p>\n","protected":false},"author":92,"featured_media":800835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[853,1809,3651],"class_list":["post-800806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-south-africa","tag-stats-sa","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800806","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\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=800806"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800806\/revisions"}],"predecessor-version":[{"id":801084,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800806\/revisions\/801084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/800835"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=800806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=800806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=800806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}