ANCYL: Youth unemployment a national catastrophe
17 May 2018
The African National Congress Youth League (ANCYL) is gutted by latest employment statistics in the Quarterly Labour Force Survey released by Statistics South Africa on Tuesday 15 May 2018.
According to the report 206 000 jobs were created mainly in six key sectors of the economy, namely Community and Social Services (95000); Manufacturing (58000); Construction (40000); Finance (30000) and Trade (36000). Shockingly, the number of people without jobs rose by a staggering 100000 to 5,98 million.
What puts salt in the wound is the fact that the number of discouraged job-seekers has has spectacularly risen to 249000. This firms that the majority of this section of society relies on social grants or pension monies from their dependents for survival or plate of food every day!
The “official” unemployment rate remains at 32,4% amongst 15 - 34 working youth age group. This makes our country a leading contender of an “Olympic Gold” medal for having a highest number of youth unemployment, followed by Greece 25,2% and Spain 22,2%. This figure makes the National Development Plan (NDP) goal of halving youth unemployment to 6% by year 2030 a mockery. This effectively means a large of young people in rural and urban areas are economically excluded and facing a prospect of a bleak future! This is catastrophe and a “ticking time bomb”, slowly imploding as evidenced by violent service delivery protests or looting of foreign national shops, mainly led by marginalized or excluded youth.