South Africa needs to maximise job creation at any given growth rate
“The slightly better news on the unemployment front is a welcome trend, as it comes after a prolonged period of persistent deterioration in South African employment levels in recent times.”
In commenting on the latest unemployment figures for the first quarter of 2022, Prof Raymond Parsons, economist from the Business School of the North-West University (NWU), says to a large extent this development follows South Africa’s strong economic recovery in 2021 from the pandemic lockdowns, and should be viewed in the light of the inevitable time lags.