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In 2008, the unemployment rate of graduates was more than 30%. [32] In this year the unemployment rate of graduates from top universities was 10%. [33] In 2009, the employment rate of graduates who had bachelor's degree was in the 88% range. [34] In 2010, the employment rate of college graduates rose 3.2% in 2009 reaching 91.2%. [35]
Mphuthi's story mirrors those of so many young South African graduates sitting at home jobless or trying to make ends meet doing fairly menial jobs in a country with a 33% official unemployment rate.
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
South Africa's unemployment rate, already the highest in the world, rose to 32.1% in the fourth quarter of 2023, according to official government figures released on Tuesday. The Quarterly Labor ...
This is a list of countries by employment rate, the proportion of employed adults at working age. The definition of "working age" varies: Many sources, including the OECD, use 15–64 years old, [1] but EUROSTAT uses 20–64 years old, [2] the United States Bureau of Labor Statistics uses 16 years old and older (no cut-off at 65 and up), [3] and the Office for National Statistics of the United ...
The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%. [54] Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, [55] compared to world growth of 3.1% over the same period.
A related concept is graduate unemployment which is the level of unemployment among university graduates. Statistics for June 2010 show that there are 926,000 young people under the age of 25 who are unemployed which equates to an unemployment rate of 19.6% among young people. [ 83 ]
The Labor Department's closely watched employment report on Friday also showed the unemployment rate rising to 3.9% from 3.8% in March amid rising labor supply. Nonetheless, the jobless rate ...