SA has 5% of world's jobless

As if the ANC comrades have not done enough to drag this country down the drain they are solely responsible for keeping mad Bob in power and overseeing the destruction of Africa`s breadbasket in our neighbouring Zimbabwe.

South Africa can by no means deal with the unemployment and social ills this government has created and yet in their infinite wisdom they have now opened our border for even more destitute jobless masses.

Johannesburg - South Africa has about 1.2% of the world's labour force, but makes up about 5.3% of the world's unemployed, which is too high, according to economist Mike Schussler.

"South Africa has the third highest unemployment rate in the world among 73 countries measured by the International Labour Organisation (ILO)," he told a UASA union employment briefing.

"We have a very high unemployment rate and are only outside the West Bank and Gaza - which are war zones," he says.

"We have been over 20% unemployment for 12 years," he adds.

Schussler calls the latest unemployment data in South Africa - at 23.5% - as "shocking" in light of the fact that GDP is set to be weak and not job creative until 2012 in light of the global credit crisis.

He says the ILO expects 50 million jobs "will go", or around 4.5% of the 1.2 billion people in mainly formal employment around the world in major economies excluding India - about 90% of world GDP. "If the number of unemployed around November last year was 74 million or 7.4%, then the ILO prediction of 50 million shows unemployment rate of around 11% if you take off China," he says.

He notes the US has lost -3.3% of workforce year on year. Schussler does not foresee South African job losses as severe as the global averages.

According to the Global Poverty Research Group (GPRG), the unemployment rate in South Africa is one of the highest in the world, 36% to 42% since the year 2000 using the broad definition Source