THE latest Labour Force survey carried out by the Namibia Statistics Agency (NSA) has revealed that the gaping unemployment levels for Namibia have come down slightly to 33.4%, which is a slight decrease of 0.6% compared to 34.0% in 2016.
This means that a total of 364,411 people, mostly between the ages of 15-24, were unemployed with the total labour force of the country consisting of 554,741 people.
The figure also shows that urban unemployment has increase by 3.1%,while rural unemployment has decreased by 5.7%.
Hence, the slight national increase of 0.4% in the unemployment rate can be attributed to the decrease of 5.7% in rural unemployment.
Similarly, the result shows that in 2018, the unemployment rate was higher amongst females (34.3%), compared to their male counterparts (32.5%).
The decline in rural unemployment can be attributed to the increase of the absorption rate (7.0%) of rural economics from 2016 to 2018.
Overall unemployment rate is high amongst younger age groups, with the rates 69.6% and 57.0% for the age groups 15-19 and 20-24 years, respectively.
Unemployment rates for female in all age groups under 50 years is higher than for male in the same age groups, with the overall female unemployment rate of 34.3% as compared to 32.5% for males.