In this thought-provoking episode, we examine the perplexing problem of educated individuals facing unemployment. Through personal stories and expert insights, we explore the disconnect between qualifications and job opportunities, discussing the impact of career choices, economic fluctuations, and the changing job market on the lives of those affected.
Working-age youth are important to our future. You are responsible for the economy. With your hard work and attempts to improve your talents, you may help make our country one of the most successful in the world. However, the unemployment rate for new graduates (aged 15 to 24 years) declined from 40% to 32.6% in Q1 2022, while it climbed by 6.9% to 22.4% for those aged 25 to 34 years. Because of the reduction in demand for products and services caused by South Africa’s economic crisis, there aren’t enough jobs for everyone looking for work. When demand is low, businesses may reduce their workforce by laying off current employees or employing fewer new ones.