* 1.1 billion Africans will be of working age by 2020.
* Africa’s labor force is projected to rise by 122 million between 2010 and 2020, creating a continent-wide labor force of 500 million by the end of the decade.
* Africa’s labor force has been growing strongly, expanding by 91 million over the past decade, yet only 37 million of the new entrants were employed in wage-paying jobs, according to the McKinsey Global Institute.
* 25 million young people will enter Africa’s labor force each year by 2025.
* The youth population currently constitutes about 37 percent of the total labor force.
* Young people make up about 60 percent of total unemployment in Africa.
* The majority of unemployed people in Africa are aged 15-24.
* The informal sector of the economy accounts for about 90 percent of the jobs created on the continent.
* Wages in emerging markets are gradually catching up to those of industrialized countries. Monthly wages in South Africa are projected to average upwards of 60 percent of monthly wages in the United States by 2030.
