Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain in detail d) South Africa's unemployment hits 29 percent PRETORIA: Joblessness in South Africa has reached 29 percent, the highest level since the

Please explain in detail

image text in transcribed
d) South Africa's unemployment hits 29 percent PRETORIA: Joblessness in South Africa has reached 29 percent, the highest level since the country's quarterly labour force survey was introduced 11 years ago. the statistics cfce said on Tuesday. \"The unemployment rate increased by 1.4 percentage points from 27.6 percent in the rst quarter of 2019 to 29.0 percent in the second quarter of 2019,\" StatsSA said in its quarterly report. \"This is the highest level recorded since 2003.\" said StatsSA. The latest gures pile pressure on President Cyril Ramaphosa's newly elected administration which campaigned in the May elections with promises of reviving the economy and creating jobs. Some 49,000 jobs were lost during the quarter with the mining. transport, construction trade and banking sectors shedding the most jobs. South Africa's banks. mining and construction sectors have in recent months signalled mass layoffs as gross domestic product contracted by 3.2 percent in the first three months of 2019 in Africa's most developed economy. the largest quarterly drop in about 10 years. - AFP hum :ffwww. nst.com,myrworldi201 Qmi'isaiggytj-africa-unemgloym ent-hits-Ze-grcent Dene unemployment and explain how unemployment rate can be measured. (4 marks) Based on the article, identify and explain the type of unemployment faced by South \"ma (4 marks} Discuss the effects of unemployment on individuals and society. {4 marks) Explain how the government can overcome unemployment using a relevant fiscal policy. (3 marks}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental And Natural Resource Economics International Edition

Authors: Thomas H Tietenberg, Lynne Lewis

10th Edition

1292060794, 9781292060798

More Books

Students also viewed these Economics questions