blink Mag-ISSUE 2 Apr. 2016 | Page 8

YOUTH UNEMPLOYMENY Y "Whereas in 2015 as many as 3.6million young people were unemployed and actively looking for work, a substantially lower number of adults, 1.9-million, YOUTH unemployment deteriorated between 2008 and the were in that situation," Stats SA first quarter of this year, and more young people have given up said. looking for work, Statistics SA's youth labour market report Youth unemployment partly showed on Monday. reflects population growth, and a Of the approximately 19.7-million working-age youth (15 to 34 lack of job opportunities given years), 9.8-million were not economically active, 6.2-million pedestrian economic growth. were employed, and 3.6-million were unemployed. The "not The 1-million jobs created economically active" include discouraged work-seekers, fullbetween 2008 and the first time students, and homemakers. quarter of this year were solely "Over the period 2008–15, key labour market rates on account of job gains among deteriorated by a larger margin among youth compared with adults while youth job losses of adults, and the frustration of not finding employment has led many young people to become discouraged and exit the labour 221,000 were recorded, the report showed. force altogether," Stats SA said. The latest data indicate there is still a long way ahead for policy Youth unemployment has increased since 2008 partly due makers to implement economic-growth-inducing policies, as well as boosting confidence among the private sector, which has to the global recession, rising from 32.7% in 2008 to 36.1% in the potential to grow businesses and create jobs. The scarcity of job opportunities for youth was also reflected in 2011, and remained between 35% lower absorption rates amon