Stop wailing about your degree – here are 10 hard facts for the jobless
Bemoaning SA's job stats makes for good TV, but it is a pretty meaningless explanation for being unemployed
When Statistics South Africa released the results of the quarterly labour force survey last week, the report hit all the panic buttons. This is a country whose economy is already in the ICU ward while family members (read, the ruling party) fight furiously around the ailing patient even as Dr IMF comes down the passage with bitter medicine to revive the comatose one.
The prognosis is grim.
About 29% of everybody who could be working is unemployed – that is 6.7 million citizens. This unemployment rate is higher than the last count (27.6%) and SA now has the highest jobless rate since Mbeki was last president in 2003...