Unemployment figures remain constant at 26.7 percent, but are we losing sight of the time bomb?
Employment has been declining steadily in South Africa over the past two decades. The unemployment rate was 22 percent in 1994, 25 percent in 2014, and 26.7 percent currently. According to Statistics SA, employment growth in most sectors is well below real GDP growth. Growth in South Africa’s economy has been mostly jobless.