Youth unemployment up by 4.2 percent

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There were about 332 970 unemployed youths in 2013, which is 4.2 percent higher than the 295 492 unemployed young people registered in 2012.
The Namibia Statistics Agency (NSA), in a report issued this week, attributes the increase to the lack of skills, a skills mismatch and an unstable labour market due to structural changes. “The empirical analysis suggests that over-education is a sign of market failure or structural macroeconomic bottlenecks in the economy,” the report says.

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