SA tops youth unemployment charts

JOHANNESBURG - South Africa has the third-highest unemployment rate in the world for young people, according to the 2014 World Economic Forum Global Risk report.

The report estimates that more than half of all South Africans between the ages of 15 and 24 are jobless.

Only Greece and Spain have higher rates of youth unemployment. The two other countries in the top five are Portugal and Italy, where 30 to 40 percent of young people don&39;t have jobs.

The report describes this age groups as the lost generation, and says young people lack trust in their leaders and in traditional political institutions, raising the risk of social unrest.

The report also estimates 25 percent of the world’s youth have no productive work. 

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