StatsSA reveals that unemployment has hit 29%, worst in a decade

StatsSA reveals that unemployment has hit 29%, worst in a decade

Unemployment in South Africa has been in the spotlight recently, with hard economic times worsening the blow. Stats SA has revealed the unemployment rate has jumped to 29% in the second quarter of this year.

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South Africans are facing the highest jobless rate in the past decade with the figure jumping from 27.6% in the first quarter to 29% in the second.

Stats SA published the figures today, revealing the worst rates since 2008 and a 1.4% increase from the first part of 2019.

The Quarterly Labour Force Survey for the second quarter noted that there are currently 6.7 million unemployed citizens between the ages of 15 and 64 years old, reports EWN.

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Briefly.co.za takes a look at some of the highlights from the survey:

  • The total labour force has risen by 476 000 citizens to 23 million
  • 15.5 million people are not economically active, with 2.7 million work seekers discouraged
  • The working age population has increased by 150 000 in the second quarter
  • The number of youths that are not employed or studying has decreased to 3.3 million
  • Employment in the formal sector and households has declined by 49 000
  • Private households, transport, mining, finance and other services recorded employment loss
  • 21 000 jobs were mainly driven by trade, community, construction, manufacturing and social services

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Source: Briefly.co.za

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