Zimbabwe's unemployment rate is 5.42 percent, the United Nations said on Tuesday.

Unemployment rates in Zimbabwe are often reported to be between 80 and 90 percent, but these rates did not take into account the vast numbers of people in informal employment.

According to a chart published by the International Labour Organisation (ILO), a UN agency, on its website Zimbabwe's real unemployment rate has hovered around five percent since 2006. An exception was when it reached 6.4 percent in 2009.

Zimbabwe's hyperinflationary crisis peaked in late 2008 before a unity government was sworn in, in February 2009.The numbers of those in formal employment are steadily decreasing in Zimbabwe as an economic squeeze tightens. More than 6000 people were reported officially retrenched last year. Zimbabwe has more than 230,000 civil servants.

Efforts by President Robert Mugabe's government to tax the vast informal sector are being met with resistance. Late last year, authorities in Harare announced plans to force airtime, vegetable and newspaper vendors to pay US1 (around R11.61 at current exchange rates) in tax per day.

Most of those working in the informal sector earn less than US200 per month.The ILO predicts Zimbabwe's unemployment rate will stay around 5.4 percent until at least 2016, according to its online chart.In contrast South Africa's unemployment rate is 25.01 percent, the ILO said.





Comments   

selele
+1 # selele 2015-01-21 15:44
Ah inga zvirikufaya wani?? I'm sure the presindent will now jump into the next plane to remind us of the good job he has done and how effective Zim-Ass@ has been.
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Hacha Ndizvo Dr
0 # Hacha Ndizvo Dr 2015-01-21 15:51
Ava vanhu veUN ndivo varwere vemhando yepamusoro-soro
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biend
0 # biend 2015-01-21 16:29
which Zimbabwe are they referring to?maybe its April fool
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Alisa
0 # Alisa 2015-01-21 22:35
UN inotwanya, i Zimbabwe yipi iyoyo yavari kutaura ngavatibvire kumhepo.
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selele
+1 # selele 2015-01-22 00:07
Biti told them that you all have jobs. Asi makanganwa? Zimbabweans always shooting themselves in the foot.
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anonymous
0 # anonymous 2015-01-22 12:40
It's either UN is sniffing dagga and marijuana or probably they are fast asleep in dream land. Majority of Zimbabwean citizens fled the country to Europe and neighboring countries namely South Africa and Botswana, to seek better lives. Maybe they made an error and wanted to say 95% are unemployed rather than the opposite say.
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elisha
0 # elisha 2015-01-22 12:45
I remember there was a UN Report that said 45% of the Zimbabweans are mad !!!!!!!!!!!!!!! !
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selele
0 # selele 2015-01-22 15:09
Quoting elisha:
I remember there was a UN Report that said 45% of the Zimbabweans are mad !!!!!!!!!!!!!!!!

no we are not really mad but rather traumatised. From Colonialism, UDI, Liberation War wounds, Dictatorship with all its economic hardships zvichingodaro...
Isu tichingonzi ramabi makashinga nayo Zanu-PF
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elisha
0 # elisha 2015-01-23 13:06
Traumatised yes!!!!!!!!!!!! !
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ndaneta
0 # ndaneta 2015-01-22 14:49
Yes it could be a mistake
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