South Africa will have world’s 8th worst unemployment rate – ILO forecast

South Africa urgently needs to create more job opportunities to address the worsening unemployment crisis.
Commentators have warned that the country’s rising joblessness is a ticking time bomb, and it is a matter of time before it sparks countrywide social upheavals. They have often been dismissed as alarmists who blow things out of proportion.
Now, the lnternational Labour Organisation’s (ILO) latest report has confirmed the worst fears by forecasting that South Africa will have the eighth highest rate of unemployment in the world in 2015.
The ILO says the world’s number of unemployed will rise by 3 million in 2015 and a further 8 million  in the following four years.
Commenting on the statistics, the ILO’s director-general, Guy Ryder, who was attending the World Economic Forum (WEF) warned:  “This means the jobs crisis is far from over so there is no place for complacency.”