Even war zones have had lower un­em­ploy­ment rates

The Times (South Africa) - - The Things You Need To Know Today - — Staff re­porter

The ex­panded def­i­ni­tion of un­em­ploy­ment is near its record high with 9.4 mil­lion peo­ple who want a job.

This is up from 5.2 mil­lion in the early 2000s. This rate has been mostly more than 30% and is now close to 36.8%.

“Last year the un­em­ploy­ment rate for the whole of South­ern Africa was es­ti­mated to be 25.6%‚ but that in­cluded Zim­babwe, which claims to have an un­em­ploy­ment rate of only 5.1% and Zam­bia at 7.6%,” said Schus­sler.

“If un­em­ploy­ment in Zim­babwe were mea­sured cor­rectly‚ I am sure the num­ber would be well over 28%. Even war zones have had lower un­em­ploy­ment rates. For ex­am­ple‚ cur­rent es­ti­mates of un­em­ploy­ment for Iraq are lower than for South Africa‚” said Schus­sler.

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