The purpose of this assignment is to present an approach review concerning the unemployment rate in South Africa and how the government can tackle it and will enlighten South African citizens and outsiders on how unemployment rate rises and effects of unemployment rate yearly.
Long-term unemployment puts people impacted and their families under a lot of mental and financial strain. This is also a source of concern for policymakers because high rates of long-term unemployment suggest inefficient labor markets. Since the global financial crisis of 2008, the South African labor market has been characterized by slow job growth for young individuals relative to older workers.
Unemployment is a major problem in South Africa and Covid-19 played huge role in decreasing the existing jobs and more people lost their jobs in 2020. And more jobs were lost in the second quarter of 2021 due to looting in some parts of the country.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Introduction
- Unemployment trends in South African context
- Factors impacting unemployment rate in South Africa
- Conclusion
- Reference List
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This assignment analyzes unemployment trends in South Africa since 2008, focusing on the primary causes of fluctuations. The impact of recent events, such as the COVID-19 pandemic and the Fourth Industrial Revolution (4IR), on domestic employment figures is also examined. The study aims to provide insights into strategies for alleviating unemployment in South Africa.
- Unemployment trends in South Africa since 2008
- Factors contributing to fluctuations in the unemployment rate
- The impact of COVID-19 and 4IR on domestic employment
- Strategies for addressing unemployment in South Africa
- The role of youth unemployment in the South African context
Zusammenfassung der Kapitel (Chapter Summaries)
The abstract provides a brief overview of the assignment, highlighting the significance of long-term unemployment and the impact of the global financial crisis of 2008 on the South African labor market. The introduction defines unemployment and explores its cyclical nature, particularly in relation to economic expansions and contractions.
The chapter on unemployment trends in South Africa delves into the dynamics of the formal and informal sectors, illustrating how job losses and gains have varied across different industries in recent years. The chapter also highlights the disproportionate impact of unemployment on the Black African community and young individuals.
The chapter examining factors impacting the unemployment rate in South Africa discusses the role of the COVID-19 pandemic and 4IR in exacerbating existing challenges. It also explores the broader context of youth unemployment and its implications for the South African economy.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of this assignment include: South African unemployment, long-term unemployment, COVID-19 pandemic, 4IR, youth unemployment, labor market, job growth, economic fluctuations, and policy interventions.
- Quote paper
- Veliswa Ntatiso (Author), 2021, Trends exhibited in the South African unemployment rate since 2008, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/1402123
