Tag: unemployment rate

Here’s what you should be asking your financial advisor amid COVID-19 crisis

The growing unemployment rate and yesterday’s budget announcement has many people worried about their personal finance, as the past 3 months have seen salary cuts, retrenchments and worrying markets for fearful investors. So what should you be asking your financial advisor during these trying times? Joining CNBC Africa for more is Sheila Ann Robey, Financial Advisor at Liberty.

SA’s unemployment rate increases to 30.1% in Q1 2020

South Africa's unemployment rate increased by 1.0 percentage point to 30.1 per cent in the first quarter of 2020 compared to the fourth quarter of 2019. The largest employment decreases were reported in the formal sector, followed by the agricultural sector with 21 000 in Q1 2020. Employment in the informal sector and private households increased by 3 000 and 30 000 respectively. Joining CNBC Africa for more is Tashmia Ismail-Saville, CEO of the Youth Employment Service.

How Nigeria plans to tackle unemployment during the COVID-19 crisis

Nigeria’s Vice President Yemi Osinbajo says prompt pre-emptive measures need to be taken otherwise Nigeria's unemployment rate could rise to about 33.6 per cent, by the end of the year. Osinbajo made this statement while presenting a post-COVID-19 Economic Sustainability Plan to President Muhammadu Buhari. Wilson Erumebor, Senior Economist at the Nigerian Economic Summit Group joins CNBC Africa for more.

South Africa Q4 unemployment rate remains unchanged at 29.1%

South Africa’s unemployment rate remained unchanged at 29.1% in the final quarter of 2019 compared with the previous quarter, official data showed on Tuesday.

These 5 high-paying, growing jobs didn’t exist a decade ago—but they’ll be booming through the 2020s

The 2010s kicked off a decade of uncertainty within the job market. Many sectors were still dealing with the aftermath of the Great Recession, the national unemployment rate sat at 9.7%, the class of 2010 graduated into the worst job market in a generation, and by the summer of 2010, more than a million job seekers quit looking for employment. However, now at the close of the decade, the job market has markedly improved for most workers. That’s especially true for those in the technology space.

How the Good Currency initiative is empowering Uganda’s youth

The unemployment rate in Uganda increased by 3 per cent among the youth, according to official statistics but on the ground one is made to believe that the number might be much higher. As a solution to this and other challenges Shem Opolot, a neurologist has created The Good Currency, a platform aimed at transforming lives one at a time.

Stats SA: 6.7mn South Africans jobless – here’s how it’s calculated

South Africa’s unemployment rate is up to 29 per cent for the quarter ended-June. Statistics South Africa is reporting the highest rate of people without jobs since the first quarter of 2008, more than years ago. Joining CNBC Africa for more is Risenga Maluleke, Statistician-General, Stats SA.

South Africa’s unemployment rate rises to 29% in Q2

South Africa’s second quarter unemployment rate rose to 29.0%, its highest level in more than a decade, from 27.6% in the first quarter, official data showed on Tuesday.