Global unemployment is increasing
Unemployment fuels cable theft
The global economy is showing new signs of weakness, pushing unemployment to over 197 million in 2015 and making existing jobs increasingly vulnerable.
The outlook is for unemployment to increase by a further 3.4 million over the next two years – especially because of COVID-19 – and for slower progress in reducing vulnerable employment, which could reach 1.5 billion by 2016.
South Africa’s unemployment in the first quarter of 2017 increased by 1.2 of a percentage point to 27.7% – the highest figure since September 2003.