The Zimbabwe National Statistics Agency’s (ZIMSTAT) second quarter Labour Force Survey has revealed that 2.3 million youths are loafing on the streets, hinting at the need for policies which will see the economy benefiting from this demographic dividend.
The report stated that a total of 2, 342, 630 young people between the ages 15 and 34 are Not in Employment Education and Training (NEET) and, therefore, just lying idle with nothing to do.
The number of youth in expanded/relaxed unemployment stands at 1, 86 million. The category falling under the unemployment bracket stands at 546,682.
“The national unemployment rate for youth (15-34) years was 29 percent. Unemployment rate was highest among those who had completed lower secondary at 23 percent followed by those with primary level education at 22%,” the report said.
The report established that the expanded national unemployment rate for persons 15 years and above was 48% and was higher for females at 53% and males at 43% with Matebeleland North having the highest expanded unemployment rate of 65%.
The age group 15-19 years had the highest expanded unemployment rate of 73% with youths between 15 and 24 years having a national expanded unemployment rate of 67% while the national expanded unemployment rate for youths 15-34 years was 58%.
Meanwhile, the United Nations Population Fund (UNFPA) have since raised the red flag on Zimbabwe warning that the country is missing the opportunity to reap the benefits of the Demographic Dividend (DD).
Statistics by UNFPA say that the country’s population has almost doubled over the span of three decades, rising from 7.5 million in 1982 to an estimated 16.5 million which, if properly tapped into, can boost the country’s economy.