How Skills Demand Is Contributing To Rising Unemployment


Please share this article

Advertisement


Employment statistics for the third quarter of 2022 have recently been released by Stats SA and the outcome is not favourable for the country’s graduates. This poses the long-standing question of whether the country is availing the right employment opportunities relative to graduates produced by tertiary institutions.


Advertisement i


The current official unemployment rate for the second quarter of 2022, according to Statistics South Africa (Stats SA), is 33,9%. The number of employed people rose by 262,000 to 14.5 million, the number of jobless people increased by 278,000 to 7.9 million, and the labour force increased by 540,000 to 22.5 million. 

However as the country appears to be making significant improvements in combating unemployment, the slow pace raises the question of whether the country is producing the right kind of jobs considering the currently existing skills shortage in the labour sector.

Dr Asghar Adelzadeh of the Economic Modelling Academy explained the situation by stating that skilled demand is based on the prospect of employment and economic growth, as well as the sectoral makeup of that growth.

He adds that while these corresponding sectors now have various occupational and skill frameworks The country's biggest problem in terms of skills demand and supply, level of economic growth and prospects reveals where this field demand and supply and shortages are most severe.

The issue of South Africa's skills scarcity has been noted by the Department of Higher Education and Training. In August last year, the DHET's Minister, Blade Nzimande stated that they are finalising their skills and innovation strategy. Both these strategies will support the Economic Reconstruction and Recovery Plan (ERRP).

He added that given that the absence of work experience is frequently a barrier to young people getting lucrative and long-term employment, targets are set for placing graduates in companies so that they are job-ready for easy integration into the world of work.

South Africa's Technical and Vocational Education and Training (TVET) sector has received a major facelift to produce graduates capable of contributing to the growth of the local economy.

TVET Colleges and Universities' curricula have also been strengthened to better reflect the skills needed by both the domestic and global economies.

 






Online Shopping Links

Takealot - Temu - Amazon - Shein




Advertisement


WhatsApp Channel

Sponsored Ad

Advertisement

Advertisement

Google News

Post-Matric Options

 

After completing your matric certificate exams, you are faced with a lot of post-matric options that can shape your future paths.

These options range from pursuing higher education at universities or colleges, entering vocational training programs, joining the workforce, or even starting your own business. There are so many choices but we are here to help.

Advertisement


Where to Study


Advertisement m


Other Articles

You can now apply at South West TVET College to study in 2024 for Trimester 3. South West Gauteng TVET College provides a valuable opportunity to gain practical skills and qualifications that can propel your career forward. 


Advertisement


Latest SASSA articles

The SRD grant serves as a vital support mechanism for financially vulnerable people living in South Africa. The agency responsible for paying the grant has revealed how beneficiaries can access their grant payment date. 

Conducting an SRD grant status check will let you know if and when you will receive an SRD grant payment. Here's how to check your Sassa status on the SRD grant.


Advertisement


Careers Advice

In the competitive landscape of today's job market, standing out from the crowd is more crucial than ever. Whether you're applying for your first job, aiming for a promotion, or seeking a career change, your personal statement can be the key that unlocks new opportunities. 


Advertisement i