Job Market Monitor
Africa
Zimbabwe – Unemployment Rate Really At 10,7% ?
The Zimbabwe National Statistics Agency (ZIMSTAT) says that Zimbabwe’s unemployment rate is 10.7%. Such a statistic will no doubt upset those who pretty much fancy using 80% or so as a benchmark. ZIMSTAT came up to this figure this way via its director-general Mr Mutasa Dzinotizei: Unemployment is defined as all persons above a specified age, who … Continue reading
Zimbabwe – Unemployment rate at 10,7%
THE Zimbabwe National Statistics Agency (Zimstat) yesterday revealed that the country’s unemployment rate was at 10,7 percent contrary to some figures some organisations have been using. Addressing participants during the 2011 Labour Force and Child Labour Survey dissemination workshop in Bulawayo yesterday, Zimstat director-general Mr Mutasa Dzinotizei said reports that Zimbabwe has an unemployment rate … Continue reading
East Africa – Skills Gap in oil industry
Nairobi – A shortage of trained oil and gas workers in East Africa is slowing development of new fields following a series of major discoveries and may force governments to relax rules requiring companies to employ local people. Governments are now investing in programmes to train skilled oil and gas workers, but they are hampered … Continue reading
Nigeria – Vocational and Technical Education and The Skills Gap
Lack of technical education translates to an annual loss of almost a billion naira to the economy The lack of skilled manpower in Nigeria is aptly portrayed by the experience of Kazeem Adesina, a youth corps member deployed to a construction firm. “I considered myself lucky because I studied Civil Engineering and was posted to … Continue reading
South Africa – Jobs Recession ?
“Most of the job losses during August were in the formal sector, which shed 14 382 jobs,” Adcorp said in a statement. “Permanent employment fell by 7 688 during the month, whereas agency employment increased by 1 083.” According to the Adcorp Employment Index, employment fell at an annualised rate of 0.23%, following sharp declines … Continue reading
South Africa – Gold Fields – Formal talks with union on layoffs
Gold Fields, the world’s fourth largest gold producer, has begun formal talks with its workers and union about possible labour reductions at its South Deep Joint Venture. The miner said on Thursday that about 2,384 underground workers were served Section 189 notice, South African labour law that governs retrenchment of employees. Gold Fields has been … Continue reading
Africa: The Era of Unemployment
The latest African Economic Outlook paints a promising picture for the continent, but crucially, it also warns that the scourge of youth unemployment will impact severely on the capacity of African states. The latest African Economic Outlook (AEO) has been released, and it’s optimistic. A joint project of the African Development Bank (AfDB), the OECD … Continue reading
Nigeria – Youth unemployment – Can Okonjo-Iweala hoodwink us ? Writes Bayo Olupohunda
Is the high rate of joblessness among Nigerian youth population a consequence of the global unemployment crisis or an upshoot of a mismanaged economy and wrong approach to employment creation initiatives? Did the recession-hit global economy have a ricochet effect on the growing statistics of the unemployed in Nigeria? The minister of Finance and co-ordinating … Continue reading
Liberia – Economic Gains Not Reaching Poors
Despite Liberia’s significant gains over the last decade, the benefits of the growth have not reached the country’s poorest and most vulnerable citizens, says World Bank Country Manager, Madam Inguna Dobraja. Even with robust economic growth, Liberia cannot fully address the needs of vulnerable people without a clear, comprehensive social protection intervention, she said. The … Continue reading
In The News | SMEs in Gulf economy, Africa, Skills Gap, Layoffs, Flat U.S. Wages, Sunday papers axed, Improving EI and More
SME role in Gulf economy, jobs growth ‘woefully low’ gulf-times.com – Small and medium enterprises’ (SMEs) contribution to the overall Gulf economy and employment sector is woefully low and need a big push for the region to enhance its economic diversification, the … JobMarketMon Flat U.S. Wages Help Fuel Rebound in Manufacturing – WSJ.com online.wsj.com – Joey … Continue reading
In The News | Cloud computing, Romney’s Bain Record, Layoffs, African Youth, College Grad, Older Workers, and Much More
Cloud computing: 14 million jobs by 2015? smartplanet.com – I’m not Convinced Cloud computing is about efficiency. Cloud computing is about replacing thousands of underutilized server rooms and IT departments with shared facilities with higher utilization r… JobMarketMon Romney’s Bain Record on Job Creation Attacked – Businessweek businessweek.com – President Barack Obama’s re-election campaign attacked Mitt Romney’s … Continue reading
Technical and Vocational Education and Training (TVET) in Sub-Saharan Africa | A better chance for finding jobs (Video)
Three out of five unemployed in sub-Saharan Africa are young. This video explores the importance of Technical and Vocational Education and Training (TVET) in giving young people in Africa a better chance for finding jobs. It is published by UNESCO’s Regional Office for Education in Africa, based in Dakar, Senegal (2011).
Rwanda |10,000 New Jobs Created in 2011
Rwanda received US$ 626 million worth of investments from both foreign and local investors in 2011, a development that is expected to create about 9,060 new jobs. According to Rwanda Development Board’s 2011 statistics, the jobs were made available by 6,000 investment projects that the agency registered as of December 31, 2011. Agriculture, the country’s … Continue reading
World | Global Unemployment at 8% in 2011
Global unemployment remained stable at 8% between 2010 and 2011, according to Gallup surveys in 148 countries. Unemployment was highest in the Middle East and North Africa (22%) and sub-Saharan Africa (17%) last year and lowest in Asia (5%). Countries and territories such as South Africa, Botswana, Swaziland, Iran, Iraq, and the Palestinian Territories — … Continue reading
The ‘New Structural Economics’
“I believe that every developing country, including those in Sub-Saharan Africa, can grow at 8 percent or more continuously for several decades, significantly reducing poverty and becoming middle- or even high-income countries in the span of one or two generations, if its government has the right policy framework to facilitate the private sector’s development along … Continue reading
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