• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Tunisia's 700 000 jobless needs a miracle

Jan 25 2013 16:23

Tunis - The central bank governor warned on Friday that unless there is a "miracle", chronic unemployment will persist in Tunisia where sometimes violent social unrest has taken place two years after the revolution.

"If the job market manages in the coming years to solve the unemployment problem, it will be a miracle," Chedly Ayari told Shems-FM radio.

"The number of jobless is too high at 700 000," he said.

"With each passing year there are 100 000 more (entering the job market), and half of these have degrees. Even if we create 100 00 new jobs a year, we won't be able to reduce the 'stock'," Ayari said.

Based on studies looking ahead to 2015-2017, Ayari said unemployment could settle at 10-11% under "ideal conditions" in the economy, as opposed to the current 17-18%.

The lack of jobs and dire social conditions, especially among the young, were driving factors behind the revolution that ousted long-time dictator Zine El Abidine Ben Ali in January 2011.

Hopes for rapid change have been dashed, resulting in the outbreak of serious social unrest descending into violence.

The nation has been rocked by discontent that exploded into violence earlier this month in the southern town of Ben Guerdane and at Siliana in the northwest last month, injuring 300 people.

The precarious security situation during the past two years and a cloud of political uncertainty hanging over the country have also caused a rapid fall in investment, adding to the unemployment problem.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote