Namibia: Jobless Optimistic Amidst Despair

Yesterday’s Labour Force Survey results sent mixed signals across the spectrum, denting the hopes of some, while others believe there is light at the end of a bleak tunnel.

Namibia’s unemployment rate has risen by 3.5 percentage points to 36.9%, with 320 442 people now jobless, the latest Namibia Statistics Agency (NSA) report shows.

Furthermore, over one-million working-age people are not in the labour force, with 66% stating they do not want a job.

Youth unemployment has dropped by 1.7…