High levels of unemployment and the rapidly changing nature of work present a growing labourmarket crisis, threatening livelihoods and exacerbating inequality, Insecurity and social tensions and if current trends continue,unemployment is set to rise further in the country
At the same time, employers are reporting difficulties in finding talent and many positions remain vacant,which is indicative of the growing mismatch between available and needed skills.
The key to economic growth lies in the talent, know-how, skills and capabilities of its people – its human capital. Investing in this and innovating for education and employment is critical to both the public and private interest.
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