Economists welcome plan to tackle unemployment

Economists have welcomed President Cyril Ramaphosa's move to devote a ministry to employment.

JOHANNESBURG - Economists have welcomed President Cyril Ramaphosa's move to devote a ministry to employment.

Thulas Nxesi will head the Employment and Labour Department.

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Statistics show just less than 10 million working-age people are without jobs in the country.

Economist Mike Schussler said a ministry that is going to record how our employment is doing and at least look at ideas of how to create more jobs is very central to our path forward.

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"Our unemployment is so big, you can take our expanded rate of unemployment and you can put in the number of Americans unemployed, the number of Germans and Polish unemployed, and they would be less than the number of South Africans unemployed."

While the labour force has grown by 13 percent in the past five years, the Employment and Labour Department will have to look at turning around the 23 percent growth in unemployed people over the same period. 

Source
eNCA