Decrease in employment rate effects on economy globally
The number of people employed in an economy is closely tied to its growth rate. During the global recession that began in 2008, unemployment reached unprecedented levels. According to the …
Read MoreHow does employment affect the economy in overall?
Employment is a vital driver of economic growth. When people are employed, they have the financial means to spend on goods and services, boosting business growth and generating even more …
Read MoreDo we need education to defeat unemployment rate?
In a world where attention is both highly valuable and challenging to capture, business owners and influencers are in a constant race to reach a wider audience and boost their …
Read MoreHow to address the unemployment rate in South Africa
The unemployment crisis in South Africa remains the top priority for economic policy, just as it has been for all governments since 1994. However, the challenge lies in determining the …
Read MoreUnemployment and employment statistics in South Africa for the year 2023
In the fourth quarter of 2023, the official unemployment rate stood at 32.1%. Data from the Quarterly Labour Force Survey (QLFS) revealed that the number of employed people dropped by …
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