Breaking News

Zimbabwe's unemployment rate is 9%, says Biti

by Staff reporter
07 June 2013 | 10322 Views
Finance Minister Tendai Biti said on Thursday the unemployment rate in Zimbabwe is nine percent and not the eighty five percent that has been touted in some quarters.

In a bid to portray the country as tottering on the brink of collapse, some Non-Governmental Organisations claim that unemployment stands at 85 percent and is one of the challenges the country is facing.

While admitting that all was not rosy in the economy, Biti said claims that unemployment in Zimbabwe was that high, were only made by "textbook economists", the New Ziana reported.

"We have always had this argument about what is the percentage of people that are employed or unemployed in Zimbabwe. Textbook economists will say 85 percent but that is not true. If we had a population like that most people in Zimbabwe would have died, it is not possible," he said.

Biti was speaking at the launch of the Poverty Income Consumption and Expenditure Survey 2011/12 Report by the Zimbabwe National Statistics Agency (Zimstat).

He said most people in the country were economically active and only nine percent, according to the findings, were not active.

"One is either a farmer, selling juice cards, driving an emergency taxi or you are working as a hair dresser. The fact of the matter is most people are economically active," he said.

He said according to the survey, at least 22 percent of the population was employed in the formal sector while 57 percent worked in the agriculture and small to medium enterprises sectors.

The survey revealed that at least 3.7 million Zimbabweans are involved in informal sector activities.




At least US$1.7 billion, about 19.5 percent of the country's Gross Domestic Product was generated in the informal sector during the period.

The survey also revealed that females, at 54.6 percent, made up the majority of the people employed in the informal sector.

Unemployment

Source: New Ziana

Should Miss World Zimbabwe have been dethroned?

Yes
35.15%
No
60.4%
Not sure
4.46%
202

Comments

News Updates

Email:

Latest News

Corruption threatens ZIMASSET says Khaya-Moyo

by Staff Reporter | 03 July 2015 | 691 Views

City Council disappoints vendors - A week after the 26th of June deadl...

by Staff Reporter | 03 July 2015 | 824 Views

Acute water shortage hits Nyele village

by Linketsang Moyo | 03 July 2015 | 885 Views

Plumtree School Needs Your Help - ...

by Staff Reporter | 03 July 2015 | 1378 Views

Beware of thieves at the ATM next to Fazak - ‪Please note that Bulaw...

by Concerned Citizen | 03 July 2015 | 2035 Views

Malema misses the point - Statements by South Africa's opposition EFF ...

by Kurauone Chihwayi | 03 July 2015 | 1689 Views

Pasuwa quits as Warriors coach? - Reports say Warriors coach, Callisto...

by Sports reporter | 03 July 2015 | 2936 Views

Teenager killed while defending his cheating mother

by Talent Simbi | 03 July 2015 | 5452 Views

Welshman Ncube on Friday: It Maybe Free, But Someone Pays For It - In ...

by Prof Welshman Ncube | 03 July 2015 | 2325 Views

MDC-T glorifies oppression - At a recent public seminar organised by t...

by Tafara Shumba | 03 July 2015 | 1968 Views

Sikhala mocks Chombo for kneeling for Grace Mugabe

by Stephen Jakes | 03 July 2015 | 6704 Views

Mugabe's mandate stolen by his wife Grace

by Stephen Jakes | 03 July 2015 | 2984 Views

Story behind the house Didymus Mutasa grabbed

by Staff reporter | 03 July 2015 | 4336 Views

South Africa to deport Zimbabweans every week - The South African gove...

by Staff Reporter | 03 July 2015 | 2067 Views

Is Grace Mugabe now Zim law? - Analyst

by Stephen Jakes | 03 July 2015 | 2153 Views

Man murders brother over two chicken pieces - KILLING his brother over...

by Mercy Ngwebvu | 03 July 2015 | 2011 Views

Evil rapist nabbed - SAKUBVA residents, who apparently were left quak...

by Abel Zhakata | 03 July 2015 | 1861 Views

NCA welcomes the appointment of Gender Commission - The National Cons...

by Stephen Jakes | 03 July 2015 | 612 Views

Man shoves cooking stick into wife's privates - HARARE Civil Court mag...

by Staff reporter | 03 July 2015 | 2095 Views

Futility of Tsvangirai politics, finally America speaks - FOR once, le...

by Joram Nyathi | 03 July 2015 | 1841 Views

ZSE Automated trading fails to go live, postponed - The inaugural Auto...

by Staff reporter | 03 July 2015 | 808 Views

Grace Mugabe takeover sparks outrage - First Lady Grace Mugabe has now...

by Staff reporter | 03 July 2015 | 2584 Views

Is Grace Mugabe in charge now? - Grace Mugabe's flaunting of her polit...

by Staff reporter | 03 July 2015 | 1914 Views

Mnangagwa faction targets Kasukuwere - RELATIONS between Vice-Presiden...

by Staff reporter | 03 July 2015 | 2807 Views

Grace Mugabe positions herself for top post - IT is becoming increasin...

by Staff reporter | 03 July 2015 | 2396 Views

Botswana chief flogs Zimbabweans - A GROUP of Zimbabwean men sustained...

by Sukulwenkosi Dube | 03 July 2015 | 2758 Views

Fear grips Nkulumane, Emganwini - THE working-class suburbs of Nkuluma...

by Bulisile Mguni | 03 July 2015 | 3036 Views

Man burns wife's ARVs - A Harare man is in the habit of burning his wi...

by Staff reporter | 03 July 2015 | 1876 Views

Entertainment

Bigger and Better Women's Day Gospel Festival

by Entertainment Reporter | 03 July 2015 | 667 Views

Silence Is Not Peace!, Says Bongani Ncube

by Nkosini Tshuma | 02 July 2015 | 2257 Views

Zimbabweans fail to answer a simple question like who is your former p...

by Staff reporter | 02 July 2015 | 3333 Views

Zim Achievers to host first ever winners and nominees reception - Win...

by Arts Correspondent | 02 July 2015 | 1112 Views

Team Bulawayo UK Shows cancelled - The Team Bulawayo UK shows which we...

by Thulani Nkala | 02 July 2015 | 1504 Views

DStv adds new channel for Zimbabwe viewers

by Staff reporter | 01 July 2015 | 9191 Views

Rihanna Duct Tapes Floyd Mayweather's Mouth Shut at BET Awards

by Staff Reporter | 30 June 2015 | 8096 Views

Professor wants out of Kalawa - KWAITO star Professor wants out of Ka...

by Staff reporter | 30 June 2015 | 5779 Views
iBlog

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago