Question

what is the 2015 south africa's youth unemployment rate and what are the contributory factors to this state of affairs?

Answer 1

The 2015 South Africa's youth unemployment rate is approximately at 25.0%. The country’s worst levels of unemployment were experienced in 2002 and 2003, when the rate climbed over 27%; however, relative to other countries, the highest placement in the ranking was in 2000, when the rate of 26.7% was the 5th highest in the world.

Answer 2

The unemployment rate of the youth in South Africa as at the year 2015 stood at about 50.31% owing to loss of about 28,100 full time jobs.

What is Unemployment?

The unemployment rate of the youth in South Africa as at the year 2015 stood at about 50.31% which is outrageously high. This is a very unsustainable unemployment rate for an economy.

The reason for this very high rate of unemployment is the fact that there was a loss of about 28,100 full time jobs in 2015. This massive job loss led to a shrinkage in the economy as well pushed more people into unemployment hence the massive youth unemployment in South Africa in 2015.

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