YOUTH unemployment in Zambia remains relatively high at 10. 5 per cent of the 14.98 million population, says Labour Minister Fackson Shamenda.
He said 16.1per cent were employed in the formal sector while 83.9 per cent were in the informal sector.
He was speaking at the launch of the 2014 Labour Force Survey Report at Taj Pamodzi Hotel in Lusaka yesterday.
Mr Shamenda said the report indicates that 5.8 million people were employed in Zambia.
This was despite the total working age population estimated at 8.12 million while the labour force estimation stood at 6.3 million.
Mr Shamenda however, said measures had been put in place to try and formalise the informal sector.
Mr Shamenda said Government was promoting formal job creation through the strategies such as the revised national youth policy and plan of action, the industrialization and job creation strategy and national development plans.
Mr Shamenda said Government attached great importance to strengthening the labour market information system and remained resolute in its quest to provide accurate, reliable and up-to-date labour market information.
“May I hasten to mention that I had the honour and privilege of launching the 2012 labour force survey report two years ago,
“A number of comments were made by stakeholders during the dissemination of the 2012 labour force survey report and I am pleased to inform you that those comments were taken into consideration in the 2014 labour force survey,” Mr Shamenda said.
He stated that informality was one of the major challenges facing Zambia today, despite recording low levels of unemployment, the majority of the employed population was in the informal sector and the Government was alive to that fact and had taken measures aimed at formalising the informal sector.
According to the 2014 labour force survey estimated Zambia’s total working age population stood at 8.12 million and the labour force at 6.3 million.
The overall unemployment rate was estimated at 7.4 percent and youth unemployment was estimated at 10.5 percent.
And International Labour Organization-ILO- Country Director Alexio Mushindo said the labour force survey report was key to addressing the rising challenges and formulating strategies that will strengthen the labour market.