Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

uasa thumb medium70 84Timeslive reports that according to well-known economist Mike Schűssler, the world’s biggest unemployment crisis is right here in South Africa.  

Delivering the United Association of SA’s (Uasa’s) 17th South African Employment Report (SAER) on Monday, he noted that the number of unemployed had increased from 6-million to 9.6-million between 2001 and 2018.  This was a 60% increase in the broader rate of unemployment‚ which had had a devastating effect on inequality and poverty in the country‚ said Schűssler.  He went on to observe:  “South Africa is one of the few countries in the world where there are more adults not at work than adults at work.  Along with other factors‚ such as single female-headed households‚ this low number of employed results in much of South Africa’s poverty and inequality.  The magnitude of the crisis is the single biggest crisis facing South Africa.  South Africa is the only country that our research finds has had a 20% plus unemployment rate for over two decades.”  To attempt to solve the problem of unemployment‚ Schűssler said accelerated economic growth was the only sustainable way to tackle it.  For rapid economic growth to happen‚ South Africa needed to create macro-economic stability and certainty.


Get other news reports at the SA Labour News home page