- South Africa's unemployment rate has spiked by 7.5 percentage points to 30.8% in the third quarter
- Stats SA confirmed that 543 000 citizens had managed to find employment during this quarter
- The impact of the hard Covid-19 national lockdown can be seen in these rates
South Africa's unemployment rate has increased by 7.5 percentage points to 30.8% in the third quarter of 2020.
Statistics South Africa released its Quarterly Labour Force Survey on Thursday, confirming that the number of employed South Africans increased by 543 000 to 14.7 million in comparison to the second quarter of the year.
In addition to this, the report found that unemployment increased by 2.2 million to 6.5 million compared to the second quarter, an increase of 2.8 million (15.1%) in the number of citizens in the workforce.
The expanded definition of unemployment increased to 43.1% in the third quarter in comparison to the second quarter.
In a statement released alongside the report it was noted that the majority of employed South Africans were able to receive an income during the Covid-19 national lockdown:
"The majority of those in employment continued to receive pay during the lockdown. However, those with lower levels of education were more likely to receive reduced salaries than those with higher levels of education."
Stats SA explained that the current Covid-19 restrictions had meant that data needed to be collected telephonically in the third quarter in place of the usual face-to-face interviews:
"As such, data could not be collected from the full sample but only from households for which contact numbers were available. The bias brought about by this has been adjusted for, and the details on how the adjustment was done are contained in the report."
Ramaphosa highlighted the importance of economic recovery after the lockdown imposed in March.
These relaxations, liquor trade returning to normal and international travel opening, are intended to boost the economy.
Ramaphosa noted that these measures are set to boost the embattled tourism industry, with emphasis placed on the state opening up as many industries as possible under the present conditions.
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