SA among top 10 with highest unemployment
Fin24

SA among top 10 with highest unemployment

2015-01-20 13:17

Davos - Unemployment is still rising even though six years have passed since the start of the global financial crisis, the International Labour Organisation (ILO) said on Tuesday in Geneva.

Some 201 million people were jobless around the world last year, and the number would increase by 3 million this year and by a further 8 million in the following four years, the UN labour body predicted.

According to the ILO's projection, the ten countries with the highest projected unemployment rates for 2015 are: Mauritania (30.9%), Reunion (29.4%), Macedonia (28.2%), Bosnia (27.5%), Guadeloupe (25.8%), Lesotho (25.7%), Palestinian territories (25.3%), South Africa (25%), Greece (24.6%) and Spain (23.6%).

"This means the jobs crisis is far from over so there is no place for complacency," ILO director general Guy Ryder said, adding that more than 61 million jobs had been lost since 2008.

While the situation has improved in the United States, Japan and some European countries, the job market remains tight in other regions including Southern Europe, according to the ILO's annual outlook.

It was published ahead of the World Economic Forum meeting of politicians, UN agency chiefs, central bankers and business leaders that starts on Wednesday in the Swiss ski resort of Davos.

The main reason for the prolonged rise in unemployment was that hardly any country had reached pre-crisis growth levels, ILO said.

Unemployment around the world in 2015:


Credit: ILO (See the full interactive map here)

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Inequalities hurt consumer demand

Widening income inequalities hurt consumer demand and slowed down economic growth, its experts said in the report.

They noted that up to 40% of total global income is being earned by the richest 10%, while the poorest 10% account for only 2% of the total.

Growing wage gaps, combined with rising youth unemployment and decreasing trust in government around the world, can contribute to social unrest, according to ILO.

Since 2009, social protests have become more frequent in the Middle East and North Africa, as well as in parts of Eastern Europe, former Soviet countries and in South Asia.

On a positive note, ILO reported that more than a third of employees in developing countries belong to the middle class.

Comments
  • Starletha King - 2015-01-20 13:32

    In the top 3 in Africa? Where is Zim?

      Andre Gomes - 2015-01-20 13:42

      WELL DONE ANC!! YOU CAN TAKE FULL CREDIT FOR THIS> NOT APARTHEID OR JAN VAN RIEBEECK ! #GreatStoryToTell

      Francisque Granger - 2015-01-20 13:45

      Good observation - I immediately asked the same. Further, what about places like the CAR, DRC, Madagascar, etc, etc. A possible explanation is that "unemployment" has a somewhat irrational definition - 'it is people who are looking for work and cannot find it'. If you are not looking for work then you are not unemployed. I guess (according to the statistical def.) you are jobless (or something). You will likely find that in the entire sub-Sahara more than 50% of adults are 'jobless'. It is by far the highest 'jobless' rate on earth. But it would be the truth and according to the SAHRC the truth is racist. There are however a number of other observations worth making:

      Christien Scheepers - 2015-01-20 13:47

      Mostly people are unemployed because they refuse to work with their soft little hands and they demand outrageous salaries when they can't even read or write properly.IN SHORT: BLACK AND WHITE ARE LAZY, HALF EDUCATED AND ENTITLED!

      Sean Bagley712 - 2015-01-20 14:07

      The ANC can't create jobs,they can only steal,kill,rob and assault.

      Jonathan Woods - 2015-01-20 14:11

      Me thinks that a great many of these , especially with regard to Africa are grossly inaccurate, as they is either little real data currently available or they simply lied !

      Francisque Granger - 2015-01-20 14:27

      Further observations: 1. In Zimbabwe the jobless rate is now not only higher, it is higher by multiples that what it was, when Zimbabwe was under white rule. White rule in Zimbabwe ended in 1980. The Republic of Rhodesia from existed for only nine years – ie 1970 to ‘79. Zimbabwe has been under black rule for THIRTY FIVE YEARS! During that time Zimbabwe was the greatest peacetime economic failure in human history. The economy has never recovered - it cannot even afford its own currency. Is it therefore racist to say that it is black people's fault? Notably in view of the fact that SA's (black majority government) keeps saying that things in South Africa are white people's fault - iow if black people in SA can say certain things are white people's fault then white people in SA can say certain things are black people's fault. My direct point here: 'unemployment' is a misleading figure. The figure that must be publishes is the 'jobless' figure - iow the number of people without a formal income/job. This will vividly show that Africa is the problem. People in Spain and Greece are actively looking for work - hence the figure look disproportionately high in these countries. 2. Productivity in SA is now worse than it has ever been. There are reports showing that productivity in SA has dropped by ~40% since the middle 1990s. In fact SA now has among (if not THE) lowest labour productivity on earth (too little space here for the array of examples).

      Francisque Granger - 2015-01-20 14:30

      Productivity is at the core of economic growth and therefore employment. If you have low productivity then you only have yourself to blame for high unemployment. Eg you cannot blame dude that arrived on a ship more than 360 years ago… There are many more issues related to the cause of SA’s unemployment, but the space is too little and it serves no purpose to tell the truth, if the ANTI-TRUTH-GESTAPO keeps removing your comments. You can conclude in one way only, SA among top 10 with highest unemployment – PROUDLY BROUGHT TO YOU BY THE ANC.

      Stuart Macgregor - 2015-01-20 14:32

      It can't be that accurate if zim is not mentioned as it is way worse than nearly all the countries mentioned if not all of them.

      Francisque Granger - 2015-01-20 14:33

      Gerald King, I am struggling to share your enthusiasm re SA's neighbour. My clinical response to your observations about Zimbabweans would be: BUT THEY VOTE FOR ROBERT MUGABE.

      Dawid Venter - 2015-01-20 14:48

      Well we cant say we didn't see this coming. What do they expect if they throw the borders for all to enter and take jobs away from real South Africans?

  • Kevin James - 2015-01-20 13:34

    Proudly brought to u by the ANC

      DerekMain - 2015-01-20 14:12

      Yeah - thanks all you c-ANC-er voters for this.

  • Wolraad Woltemade - 2015-01-20 13:35

    The cANCer has a good story to tell...

  • Secrecy Bill - 2015-01-20 13:42

    2009 our professor promised 5 000 000 jobs but lost 1 500 000 jobs instead ! .... (What an achievement ! ) ... Vote fpr unemployment in 2019 ! ...... VIVA PROF.DOOM VIVA !

  • Simon Stamp - 2015-01-20 13:47

    As an employer I can't risk employing somebody begging on his knees for a job, only to go on a strike after a couple of months smashing my windows, theatening my wife because he "wants more monnay"

      Jaapie Bopape - 2015-01-20 15:06

      Exactly!

  • L Govender - 2015-01-20 13:55

    Great stuff ANC......now lets go for no1!

  • Peet Luckhoff - 2015-01-20 14:00

    Haha, please note...worse than Greece. Thanks ANC

  • Michael James David - 2015-01-20 14:15

    We love you lots and lots anc you doing a fantastic job please lets make top 5 come on we can do it

  • Ian Murray - 2015-01-20 14:19

    Free trade has meant that countries with larger home markets and cheap unregulated labour will draw industry to them. We cannot compete with China nd India. We have effectively exported jobs to China. Europe also has no answer bit are happy that cheap Chinese goods are happy bringing cost of living down. However unhappy disaffected voters can start showing their frustration with lying status quo politicians.

  • Freddie Miller - 2015-01-20 14:27

    Don't worry ANC, you can always blame apartheid and if that fails there is always Jan van Riebeeck.

  • Pieter ZA - 2015-01-20 14:58

    South Africa was the only African nation that impoted slaves. That should say something to all of us

  • Sino Msane - 2015-01-20 17:51

    Hhawu kahleni bo, amanga aluhlaza nje lawo. Ingakho nje bonke abantu from africa and abroad beza la eSA to get unemployed? Abasiyeke ngalama conspiracy theories.

  • Viman Singh - 2015-01-20 20:03

    China and India are to blame....Fake and cheap goods.

  • michael.kleber.376 - 2015-01-20 20:22

    Is this including or excluding Jacobs 7 million jobs he is going to create ?

  • nelio - 2015-01-20 21:50

    Well done our government in Top10 again in world! That's amazing achievement! We in Top10 of all the bad things in the world. Why everyone complaining?

  • Louis van Zyl - 2015-01-21 18:21

    High unemployment and minimum wages?

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