ISFAP is a NFP Foundation formed with the aim of providing a sustainable financial aid programme for #missingmiddle students at South African Universities
The pandemic of the missing middle
(Heart) BREAKING NEWS – RELEASED BY STATS SA AT 11:30AM TODAY - updated statistics quoted in the articleIn Stats SA’s December 2020 Quarterly Labour Force Survey (Quarter 4: 2020) released on 23 February 2021, it reported that South Africa boasts 10.3 (10.3)* million unemployed young people aged 15 - 24 years, of which 29.8% (31.9%) were not in employment, education, or training (NEET). If one expands the age bracket to young persons aged 15 - 34 years, a staggering 41.8% (43%) of those youths are NEET, with female youths being the worst affected at a heart-breaking 45.4% (46.1%). Unfortunately, with the impact of the COVID-19 pandemic, one can only assume these numbers will get worse before they get better.With overall unemployment for the same period at 32.5% (30.8%), compared to graduate unemployment at 8.4% (8.9%), there is a clear need to create more graduates who are work-place ready, can advance in the job market and contribute economically.* Quarter 3: 2020 figures in brackets
Posted on 23 Feb 2021 11:43
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