The local economy is creating only 30,000 formal jobs each year against an estimated 270,000 youths who are entering the labour market annually, The Daily Times has established.
This is according to a joint African Development Bank (AfDB), World Bank and United Nations report titled ‘No Time to Waste: Policy Priorities for Malawi’s Recovery’.
At the current pace of job creation, The Daily Times’ rough calculations estimate that Malawi would take about nine years to fully absorb a single cohort of labour market entrants from one year.
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