Levels and Rates of Unemployment
Changes of Unemployment Rates over the years: (Statistics)
|Male Unemployment rate||28.3||30.3||43.5||22.9||25.8||24.3|
|Female Unemployment rate||39.0||43.4||58.4||31.8||33.1||31.7|
|Youth Unemployment rate (15-34 yrs)||41.0||43.2||59.9||37.8||41.7||39.2|
|Urban Unemployment rate||-||-||30.6||28.3||29.1||26.2|
|Rural Unemployment rate||-||-||46.6||26.2||30.2||30.2|
Unemployment Rate in Namibia increased to 28.10 percent in 2014 from 33.80 percent in 2012. Unemployment Rate in Namibia averaged 25.78 percent from 1997 until 2014, reaching an all-time high of 51.20 percent in 2008 and a record low of 19.50 percent in 1997. Unemployment Rate in Namibia is reported by the Central Bureau of Statistics, Namibia.
Causes or Possible Causes of Increase/Decrease of Employment Rates
The increase in unemployment is mostly attributed to a lack of, or low qualifications that would allow people to find employment. The jobs are there, but people are not qualified and the global economy is also a contributory factor to the increase in unemployment as it is, at most times, fragile and one cannot underestimate the knock-on effect it has on Namibia. Unemployment continues to be high because the growth in our economy comes from sectors that did not create employment such as mining because it relies heavily on machinery. If the country could achieve higher growth from other sectors such as agriculture, tourism, logistics and housing that has a high demand for human resources then employment opportunities would increase.